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FOMC outcome: US Federal Reserve leaves rates unchanged, hints at no cuts in 2020

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The Federal Reserve left interest rates unchanged and signaled it would keep them on hold through 2020 amid a solid economy, sticking to the sidelines during an election year. The Reserve had lowered the interest rate in July, September and October in an effort to calm recession fears on Wall Street and counter the negative impact of Trump's trade war. The rate was kept around 1.75 per cent, down from nearly 2.5 per cent, a year ago.

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