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Here’s what changed in the new Fed statement

This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting in January.

Text removed from the January statement is in red with a horizontal line through the middle.

Text appearing for the first time in the new statement is in red and underlined.

Black text appears in both statements.

Economy moves to centre stage ahead of UK general election

The Federal Reserve holds interest rates steady, with no immediate relief for consumers from sky-high borrowing costs