Despite “unsatisfactory” movement toward maximum employment and price stability, the Federal Open Market Committee agreed to keep the target range for the federal funds rate at 0.00% to 0.25% and to leave unchanged the level of its holdings of Treasury, agency debt, and mortgage-backed securities, according to the minutes of the Sept. 21 meeting released Tuesday.

The FOMC determined that the recovery continues slowly and, while the data was mixed, it seemed to be strengthening later in the month.

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