Tuesday, August 8, 2006

Fed keeps rates on hold…for now

US Fed ends cycle of rate hikes

US central bankers have held the country's key interest rate at 5.25%, breaking a two-year cycle of rate hikes introduced to slow a rampant economy. The news brings relief to millions of consumer and business borrowers, but the Federal Reserve said it was still worried about rising prices and wages.

Posted by webmaster @ 10:30 PM (569 views)
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2 thoughts on “Fed keeps rates on hold…for now

  • “Meanwhile we’ll just keep flooding the market with liquidity and hope that no one notices that their hard-earned bits of green paper are soon to be worthless”, said Federal Reserve chairman, Ben Bernanke. (Well okay he didn’t actually say that, but he might just as well have.)

    Other ‘quotes’ welcomed.

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  • Autopilotengage says:

    This is as big a reason for the £’s “incredible” performance against the $ in the last few days, the markets were expecting the Fed to hold.

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