Fed leaves interest rates unchanged |
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Published
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Wed, 21 Mar 2007 19:36
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WASHINGTON (AP) - The Federal Reserve left a key interest rate unchanged on Wednesday while taking note of the recent weaker economic performance and higher inflation pressures.The central bank voted to leave the federal funds rate, the interest that banks charge each other, at 5.25 percent. It marked the sixth straight meeting in which the Fed has kept the rate the same.As it has at previous meetings, the Fed said it was more worried about the risk of inflation than weak economic growth. But this time it dropped language that talked solely about the possibility that interest rates would be increased in the future.Economists believe it is highly unlikely that the Fed will boost rates in coming months, given troubles in the housing industry and sluggish economic growth.Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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Quotes * |
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NASDAQ
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1599.06 |
-53.32 (
-3.29 %)
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| SYMBOL (
2009-01-07 ) |
| LAST |
CHANGE
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3I GROUP
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11:35am )
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362.50 |
+20.25 (
5.97 %)
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HAMMERSON
(
11:35am )
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613.00 |
+16.50 (
2.75 %)
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| SYMBOL (
2009-01-07 )
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| LAST |
CHANGE
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| SYMBOL (
2009-01-07 )
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CHANGE
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Stocks Open Higher Ahead Of Fed Decision 