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The US Federal Reserve has kept its key interest rate on hold at 5.25% for the second successive month, acknowledging a slowdown in economic growth.

The Fed ended a two-year cycle of increases in August and the latest move was widely expected as it sizes up the evolving economic situation.

The Fed reported that economic growth was continuing to slow but warned that some inflation risks remained.

Economic Research Unit
Franklin + Andrews

eru@franklinandrews.com