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The central bank’s decision follows a jump in inflation to 9.1%, the fastest annual rate in 41 years.
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The 4-week average for claims, which compensates for weekly volatility, fell to 223,000 from the previous week's 231,750.
The central bank cut its benchmark rate - which affects many loans for households and businesses - by a quarter-point to a range of 2% to 2.25%.
The Federal Reserve is raising its benchmark interest rate for the third time in six months, providing its latest vote of confidence in a slow-growing but durable economy.
The Federal Reserve is raising its benchmark interest rate for the second time in three months and signaling that any further hikes this year will be gradual.
WASHINGTON (AP) - The Federal Reserve is keeping a key interest rate unchanged but sending a strong signal that it will likely boost rates before the end of the year.
The Federal Reserve says the U.S. economy has strengthened since a slump early this year but wants to see further gains in the job market and higher inflation before raising interest rates from record lows.