Thursday, June 28, 2007

CORRECTED: Fed seen on hold as core inflation edges lower

(Reuters) - WASHINGTON - Federal Reserve policy-makers meeting for a second day on Thursday look set to hold borrowing costs steady as they monitor risks that U.S. inflation could rekindle and that economic growth may stall.




Financial markets widely expect the U.S. central bank to hold benchmark overnight interest rates at 5.25 percent, a level reached in June last year after 17 straight increases.


Read more at Reuters.com Business News

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