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Fed funds rate range unchanged

Wed 31 Jul 13 | 02:00 PM ET
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Fed funds rate range unchanged

Wed 31 Jul 13 | 02:00 PM ET
CNBC's Hampton Pearson reports the latest from the Fed, which said it will continue to buy agency mortgage-backed securities at rate of $40 billion per month and longer-term Treasurys at a rate of $45 billion per month. The Fed sees downside risks to economy and the labor market as having diminished.
 
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