Thursday, June 21, 2007

With inflation easing, Fed likely to stay course

(Reuters) - The U.S. central bank's Federal Open Market Committee is widely anticipated to leave its target for benchmark overnight interest rates unchanged at 5.25 percent at a two-day meeting that wraps up on June 28.




The Fed has held overnight rates, which influence a wide array of borrowing costs throughout the economy, steady since June of last year as it patiently waited for inflation to ebb.


Read more at Reuters.com Business News

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