The U.S. Federal Reserve says the U.S. economy has strengthened since a slump early this year.
But it wants to see further gains in the job market and higher inflation before raising interest rates from record lows.
Kate Fisher reports from Washington
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U.S. Federal Reserve Chair Janet Yellen says America's central bankers believe the U.S. economy is growing and can handle an interest rate hike.
There are no plans for an immediate rate hike and the current expectation is that the Federal Open Market Committee - which sets key interest rates charged to banks - will make adjustments beginning in September.
Our Washington correspondent Daniel Ryntjes says that interest rate hike is likely to be small.
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Our Washington correspondent Daniel Ryntjes has the details on the read-out of the meeting of America's central bankers.
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