WASHINGTON, D.C.: Federal Reserve policymakers favored caution last month about raising interest rates as they weighed weak spots in the economy and foreign risks, minutes to the meeting showed on Wednesday (Thursday in Manila).
Participants at the June 16 to 17 Federal Open Market Committee (FOMC) meeting decided to leave the benchmark zero-level interest rate unchanged, as expected, as the economy was rebounding from a tough first quarter.
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