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September 17, 2020
Stocks closed lower on Wall Street Wednesday after a rally following the Federal Reserve's latest interest rate policy update faded in the final hour of trading.
The S&P 500 fell 0.5% after having been up 0.6% following the 2 p.m. Eastern time Fed announcement. The central bank signaled it will keep interest rates near zero into 2023 and issued a slightly less dire outlook for economic growth and unemployment this year.
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