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A comparison of the Federal Reserve's statements from its two-day meeting that ended Wednesday and its meeting June 14-15:
Now: Fed policymakers added a sentence to signal that risks to the economy have faded: "Near-term risks to the economic outlook have diminished.
Below is the statement the Fed released Wednesday after its policy meeting ended:
Information received since the Federal Open Market Committee met in June indicates that the labor market strengthened and that economic activity has been expanding at a moderate rate.
The Federal Reserve is keeping interest rates unchanged while noting that near-term risks to the economy have diminished.
The Fed said Wednesday that the U. S. job market has rebounded, with strong job gains in June after a slump in May.