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No new rate hints as Federal Reserve joins Facebook

The Federal Reserve creates a Facebook page, but offerings thus far add nothing to existing communicationsThe Federal Reserve expanded its communications strategy Thursday by launching a Facebook page, but there were no fresh hints on the direction of interest rates. The new page — facebook.com/federalreserve — offered a photograph of the French-designed, Fed headquarters in Washington in its stripped classicist architectural style, and a statement that the Fed would post press releases, speeches, reports and other materials on the page.

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