Thursday, June 28, 2007

Fed resumes policy meeting, rates seen unchanged

(Reuters) - Market interest has centered on whether the Fed, meeting
against a backdrop of an economy showing signs of gathering
strength, would acknowledge in its statement that inflation
outside energy and food costs has moderated.




Such an observation might lead markets to bet the Fed might
feel more open to the idea of lowering borrowing costs in the
future to provide a boost for an economy still feeling the drag
from downtrodden housing markets.


Read more at Reuters.com Bonds News

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