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| Fed Keeps Rates Unchanged in Anticipation of Trump Policy |
| By RISMedia |
The Federal Reserve kept the key interest rate unchanged this week as it looks to future fiscal policy under the new administration—a decision in line with its intent to raise rates only gradually in 2017. "In view of realized and expected labor market conditions and inflation, the [Federal Open Market] Committee decided to maintain the target range for the federal funds rate at 1/2 to 3/4 percent. The stance of monetary policy remains accommodative, thereby supporting some further strengthening in labor market conditions and a return to 2 percent inflation," according to a statement by the Fed. Approximately half of Americans recently surveyed by Bankrate are concerned about rising interest rates in the months to come. ...
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(TNS)—Aging baby boomers don't get any love from the consumer products sector. All the mainstream advertising is pitched toward 20- and 30-somethings. The only nod we boomers get is from hearing aid manufacturers
