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The Federal Open Market Committee (FOMC) on Wednesday announced that it left the benchmark interest rate, the target range for federal funds, unchanged at 0%-0.25% as widely expected. 

In its updated economic projections, the FOMC said it expects the gross domestic product to contract by 6.5% in 2020 and see unemployment at 9.3% at year’s end.

Follow our live coverage of the FOMC decision and the market reaction.

Fed Press Conference: Chairman Jerome Powell speech live stream – June 10

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