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January 29, 2015

Stocks fade as oil dips

By ALEX VEIGA
AP Business Writer

Investors struggled to figure out a barrage of signals from the Federal Reserve, oil markets and Corporate America Wednesday, and stocks fell sharply for second straight day.

The Federal Reserve issued its first policy statement of the year, making clear that it would remain “patient” in raising interest rates from near zero, which was expected. But it also strengthened its assessment of the U.S. economy, noting it is expanding at a solid pace and generating strong job growth.


 
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