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By Lindsay Dunsmuir and Howard Schneider WASHINGTON (Reuters) - The Federal Reserve left interest rates unchanged on Wednesday but said near-term risks to the U.S. economic outlook had diminished, opening the door to a resumption of monetary policy tightening this year. While Fed policymakers said they continued to closely monitor inflation data and global economic and financial developments, they indicated less worry about possible shocks that could push the U.S. economy off course. "Near-term risks to the economic outlook have diminished," the Fed's policy-setting committee said in its statement following a two-day meeting in which it left its benchmark overnight interest rate in a range of 0.25 percent to 0.50 percent.
HONOLULU (AP) — Community members and an environmental group sued the U.S. Navy, the Department of Defense and the secretary of defense Wednesday over a plan to turn two Pacific islands into live-fire testing sites.