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February 10, 2020
WASHINGTON (AP) — The Federal Reserve believes that downside risks to the U.S. economy have lessened with the easing of trade tensions and better prospects for global growth but officials note a concern that possible spillovers from a deadly virus in China represent a new threat.
In its semi-annual monetary policy report, the Fed did not signal any imminent changes in its benchmark interest rate, which it cut three times last year to the current historically low range of 1.5% to 1.75%.
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