INDUSTRY NEWS
Fed May Not Alter Interest Rates at Meeting
June 17, 2008
Source:The Wall Street Journal
Washington, D.C.--Despite rising concern about inflation, the Federal Reserve may not change interest rates at its meeting next week, The Wall Street Journal said Tuesday.
In fact, the Fed may leave rates unchanged until fall. Yet some--such as futures markets, which are guessing the Fed will raise its interest rate target in August due to inflation--are sure a rate change is coming.
Higher energy prices--which have skyrocketed in recent weeks--could hamper U.S. economic growth and increase the rate of inflation.
The Fed meets next Tuesday and Wednesday.
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