Sunday, February 25, 2007

Bloomberg - "Fed Rejected Ending Tightening Bias, Citing Inflation (Update2)" (2-21-07)

"Fed officials voted to leave the benchmark rate at 5.25 percent for a fifth straight policy meeting. Traders see almost no chance of either an increase or reduction in borrowing costs by the end of July, and Bernanke reiterated in his testimony that the central bank will lift rates if needed."

No comments: