Fed says job market improving, rate hike in view
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Washington
FEDERAL Reserve policymakers said that the job market has made further gains, keeping them on a path to raise interest rates this year for the first time in almost a decade without providing a clear signal on the timing of lift-off.
"The labour market continued to improve, with solid job gains and declining unemployment," the Federal Open Market Committee said in a statement on Wednesday in Washington. It dropped the modifier "somewhat" from its description of the decline in labour-market slack.
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