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Federal Reserve to keep interest rates at near-zero for 'considerable time'

The Federal Reserve said Wednesday it would keep interest rates at near-zero, record-low levels for a "considerable time," citing a weak labor market. In addition, the Fed said it would taper its bond-buying program by another $10 billion per month.

"On balance, labor market conditions improved somewhat further," the Federal Open Market Committee said in a statement. "However, the unemployment rate is little changed."