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Federal Reserve Walks Back Boosting Rates Soon, Calms Market Jitters

Wells Fargo Advantage Funds' Ann Miletti says the Fed simply is trying to remind investors that the central bank is trying to be careful, and is not going to raise rates too quickly.
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The Federal Reserve announces Wednesday that it will hold main interest rates for a considerable time after the end of quantitative easing. Wells Fargo Advantage Funds senior portfolio manager Ann Miletti tells TheStreet's Joe Deaux that the Fed simply is trying to remind investors that the central bank is trying to be careful, and is not going to raise rates too quickly. The central bank also continued to curb its economic stimulus program to $45 billion in asset purchases a month.

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