Fed: Keep interest rates at current levels for now

Information received since the Federal Open Market Committee met in September indicates that the labor market has continued to strengthen and that economic activity has been rising at a strong rate.  On a 12-month basis, both overall inflation and inflation for items other than food and energy remain near 2 percent.  In view of realized and expected labor market conditions and inflation, the Committee decided to maintain the target range for the federal funds rate at 2 to 2-1/4 percent.

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