UPDATE 2-Fed nods to easing inflation, but still worried

(Reuters) - WASHINGTON, June 28 - The Federal Reserve on
Thursday held benchmark U.S. interest rates steady and, while
nodding to a recent easing in core inflation, restated that
inflation remained its top concern.




The decision by the central bank's Federal Open Market
Committee keeps the overnight federal funds rate target at 5.25
percent, the level it hit in June last year after 17 straight
quarter-percentage point increases.


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