US stocks little changed after Fed leaves rates unchanged

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The central bank, which issued the policy update at 2 p.m. Eastern after a two-day meeting of its policymakers, said the economy and job market have “strengthened.” The Fed acknowledged that inflation has risen, but that it sees the increase as transitory. Signs of rising inflation, and the prospects of higher interest rates, have worried investors and helped fuel a rapid rise in bond yields from where they were at the start of the year.

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