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The Federal Reserve kept its rate at 3.75% to 4%. US rates reach Latin America and Africa through dollar debt, currencies and remittances. The post Fed Hold Matters for Brazil, Mexico, Africa appeared first on The Rio Times .
We haven't written up this one. The Rio Times has the full story — the link below goes straight to it.
The Federal Open Market Committee kept the federal funds target range at 3.75% to 4% by a 10 to 2 vote, with two members voting for a hike.
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The statement also left the door wide open for rate hikes. 10-Year Treasury yield kneejerk jumps.
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