The Federal Reserve admitted strains to the markets have “increased significantly” but it kept the federal funds rate unchanged at 2 percent.

In a statement, the Fed said “strains in financial markets have increased significantly and labor markets have weakened further.”

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About The Author

John Guilfoil is the editor-in-chief of Blast: Boston's Online Magazine and the Blast Magazine Network. He can be reached at [email protected]. Tweet @johnguilfoil.

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