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Fed leaves interest rates unchanged, remains upbeat on economy

Reuters Published on Thu, Feb 02, 2017 / 7:52 AM GMT+8

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WASHINGTON (Feb 2): The Federal Reserve held interest rates steady on Wednesday in its first meeting since President Donald Trump took office, but painted a relatively upbeat picture of the US economy that suggested it was on track to tighten monetary policy this year.

The US central bank said job gains remained solid, inflation had increased and economic confidence was rising, although it gave no firm signal on the timing of its next rate move.

Fed policymakers are still awaiting clarity on the possible impact of Trump's economic policies.