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Sunday, March 24, 2013

Fed keeps foot on the pedal.

As expected, the FOMC has left its $85B-a-month QE program in place, saying that the economy has returned to moderate growth even while fiscal policy has become more restrictive. Notable among the revised economic projections was an expected improvement in the unemployment rate. The Fed's announcement helped give shares a lift and boost the Dow to a new intra-day high.

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