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The S&P 500 was falling 1.1% to 1,633.49 while the Dow Jones Industrial Average was off 0.4% to 15,253.57. The Nasdaq was dropping 1% to 3,449.42.
The Fed's Federal Open Market Committee voted to maintain its current policy by a vote of 10 in favor and 2 against. Those voting in opposition were Esther George and James Bullard, who the bank said argued that the committee "should signal more strongly its willingness to defend its inflation goal in light of recent low inflation readings."
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