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US Fed keeps rates unchanged
August 7, 2008
A trader works the phone on the floor of the New York Stock Exchange just after the Federal Reserve announced that they would not be raising interest rates in New York City.
The US Fed kept the key interest rate at 2% despite pressure from rising inflation.
Image: The US Fed kept the key interest rate at 2% despite pressure from rising inflation.| Photograph: Chris Hondros/Getty Images
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