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Wednesday
Jul312013

Fed Leaves Interest Rates Unchanged

iStockphoto/Thinkstock(WASHINGTON) -- The Federal Reserve said Wednesday it will leave interest rates unchanged and continue to buy $85 billion in bonds every month while the economy continues to improve at a “modest” pace.

The Fed will only begin pulling back on its stimulus program if the data points continue to improve.

Stocks are off the highs of the day, but have traded higher since the announcement.

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ABC News Radio