Economy
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Federal Reserve keeps key interest rate, signals just one cut is expected before year's end
Recently released forecasts show only slight optimism about inflation remains on track to falls to the Fed’s targeted 2% goal
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Consumer prices rose 3.3% in May, compared to 12 months earlier, Labor Department
Later today, the Federal Reserve will release its latest policy statement that is expected to keep interest rates steady.
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US added 272K jobs in May, better than expected, but unemployment rate increases to 4%
The Labor Department reported Friday the U.S. economy added 272,000 in jobs in May but that the unemployment rate for last month increased to 4%.