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The Federal Reserve left key interest rates untouched Wednesday but acknowledged improved economic performance, suggesting a rate increase may still be on the horizon in 2016. Putting behind the surprise sharp downturn in job creation in May that had raised worries about the economy, the Federal Open Market Committee, which sets the monetary policy, said employment and economic growth had grown moderately since their mid-June meeting. "Near-term risks to the economic outlook have diminished," the FOMC said in announcing the outcome of the closely watched two-day meeting in Washington.
YEREVAN, Armenia (AP) — Gunmen who have been barricaded in a police station in the Armenian capital for 10 days took members of an ambulance crew hostage on Wednesday after they came in to treat those wounded in an exchange of fire with officers, police said.