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The Fed opts not to raise rates

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The Federal Reserve has ended all the suspense by announcing that it declined to make a move with interest rates during this week's policy meeting.

Given the lack of inflationary pressure in the U.S., a preponderance of tepid economic data and political and economic turmoil across the globe, the central bank peeked over the edge of the economic abyss and said "not yet" to the prospect of hiking rates.