Federal Reserve Keeps Interest Rates Steady

Summary


WASHINGTON (AP) - The Federal Reserve held interest rates steady, extending a nearly yearlong period of stability that has positives for savers and borrowers.

Fed Chairman Ben Bernanke and his central bank colleagues on Wednesday left an important interest rate unchanged at 5.25 percent, where it has stood since last June. The decision was unanimous.

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Extract


Federal Reserve Keeps Interest Rates Steady

The Fed's decision means that commercial banks'prime in...

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