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  • Fed holds policy steady, less worried on deflation
    NEW YORK, June 25 (Reuters)
    The Federal Reserve on Wednesday held monetary policy steady and said the U.S. economic recession was easing, as it signaled its worries over a possible troubling downward spiral in prices were fading.
    Concluding a two-day meeting, the central bank said it had decided to hold overnight interest rates in a zero to 0.25 percent range, the level reached in December, and repeated they would likely stay unusually low for some time.
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