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NEW YORK, Sept. 21 (Xinhua) -- U.S. stocks ended lower on Thursday, with the Dow Jones industrial average falling for the first time in 10 sessions, as investors were digesting the latest Federal Reserve statement.
The Dow Jones Industrial Average shed 53.36 points, or 0.24 percent Jaylon Smith Womens Jersey , to 22,359.23. The S&P 500 lost 7.64 points, or 0.30 percent, to 2,500.60. The Nasdaq Composite Index was down 33.35 points, or 0.52 percent, to 6 Chidobe Awuzie Womens Jersey ,422.69.
The U.S. Federal Reserve on Wednesday kept interest rates unchanged, but announced that it will start to unwind its 4.5-trillion-U.S. dollar balance sheet from October, a further step to end the loose monetary policy.
"Information received since the Federal Open Market Committee met in July indicates that the labor market has continued to strengthen and that economic activity has been rising moderately so far this year," said the Fed in a statement released after its two-day monetary policy meeting.
The central bank said Hurricanes Harvey, Irma, and Maris were expected to affect U.S. economy in the near term, while they would not alter the course of the economy in the medium term.
Fed officials continue to expect that the U.S. economy will expand at a moderate pace in the future.
"We're working down our balance sheet Taco Charlton Womens Jersey , because we feel that's stimulus that in some sense is no longer needed," said Fed chairwoman Janet Yellen at a press conference after the Fed meeting.
"The basic message here is U.S. economic performance has been good," she added.
On the economic front, in the week ending Sept. 16, the advance figure for seasonally adjusted initial claims was 259,000, a decrease of 23 Connor Williams Womens Jersey ,000 from the previous week's revised level, the Labor Department announced Thursday.
The four-week moving average was 268,750, an increase of 6,000 from the previous week's revised average.
Meanwhile, manufacturing firms reported an improvement in regional manufacturing conditions in September, according to the Philadelphia Federal Reserve Business Outlook Survey Thursday.
The index for current manufacturing activity in the region increased 5 points to a reading of 23.8 and has remained positive for 14 consecutive months.
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ADDIS ABABA, Aug. 18 (Xinhua) -- Ethiopia's Ministry of Agriculture and Natural Resources on Friday revealed its plan to lift close to 7.9 million rural Ethiopians from absolute poverty.
The ministry, currently evaluating major activities implemented during the just concluded 2016-2017 fiscal year, revealed the East African country's plan to improve the economic conditions of 7.9 million Ethiopians, mainly in the rural part of the country.
Ethiopia, as part of its agenda 2025, aspires to become a middle-income country.
Damene Darota Sean Lee Womens Jersey , Ethiopian State Minister of Agriculture and Natural Resources, indicated that the plan is part of Ethiopia's second five-year Growth and Transformation Plan (GTP II), due effective from 2015 to 2020.
Close to 6.6 million of them, who are able to engage in various economic activities, were provided the opportunity to participate through climate conservation, irrigation development, and similar other agricultural activities during the past 6 months Terrance Williams Womens Jersey , Darota indicated.
Darota said the remaining 1.3 million economically deprived citizens, who are either physically disabled or older people, are receiving support from the government.
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