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 WASHINGTON (AP) - The Federal Reserve held interest rates steady, extending a nearly yearlong period of stability that has positives for savers and borrowers.
Fed Chairman Ben Bernanke and his central bank colleagues on Wednesday left an important interest rate unchanged at 5.25 percent, where it has stood since last June. The decision was unanimous.
The Fed's decision means that commercial banks' prime interest rate — for certain credit cards, home equity lines of credit and other loans — stays at 8.25 percent.
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