Fed leaves rates unchanged, signals 2016 hike still likely

THE FEDERAL OPEN MARKET COMMITTEE, led by Federal Reserve Chair Janet Yellen, decided Wednesday to leave interest rates where they are for the time being, setting up an expectation that the central bank will raise them in December. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER
THE FEDERAL OPEN MARKET COMMITTEE, led by Federal Reserve Chair Janet Yellen, decided Wednesday to leave interest rates where they are for the time being, setting up an expectation that the central bank will raise them in December. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER
WASHINGTON - A divided Federal Reserve left its policy rate unchanged for a sixth consecutive meeting, saying it would wait for more evidence of progress toward its goals, while projecting that an increase is still likely by year-end. “Near-term risks to the economic outlook appear roughly balanced,” the Federal Open Market Committee said in its…

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