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Inflation of 2% is a target, not a ceiling, Yellen says.
Policy makers still project three total rate hikes for 2017.
September's decision to leave rates unchanged was a close call.
Inflation seems to be ticking upward a bit. If pushed further by rising wages, this trend may spark Fed action on interest rates.
Amid dissents from three FOMC voting members, Federal Reserve again holds interest rates steady.
Two Fed officials say data coming out in the next few months may support one, or even two, increases in interest rates.