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By Michael Flaherty and Jason Lange WASHINGTON (Reuters) - The Federal Reserve on Wednesday reaffirmed it was in no rush to raise interest rates, even as it upgraded its assessment of the U.S. economy and expressed some comfort that inflation was moving up toward its target. After a two-day meeting, Fed policymakers took note of both faster economic growth and a decline in the unemployment rate, but expressed concern about remaining slack in the labor market. "Labor market conditions improved, with the unemployment rate declining further," the Fed said in a statement. "However, a range of labor market indicators suggests that there remains significant underutilization of labor resources." The reference confirmed that the central bank believes there is still a ways to go before benchmark borrowing costs need to move higher despite an improving outlook for jobs and prices.
Members of an isolated tribe have emerged from the Amazon rainforest and made contact with the outside world in a video released by Brazil's indigenous authority. The video shows indigenous people from the Panoan linguistic group carrying bows and wearing loin clothes making contact with the Ashaninka native people of northern Brazil along the banks of the Envira River, near the Peruvian border. In one scene, an ethnic Ashaninka in athletic shorts gives bananas to two loincloth-clad natives who appear wary of approaching, quickly grabbing the fruit and then retreating out of arm's reach. After the native people made initial contact with the Ashaninka on June 26, a team from Brazil's National Indian Foundation (FUNAI) traveled to the area and filmed a second encounter on June 30, according to news portal G1, which posted the .