Thursday, 28 June 2007

UPDATE 1-Fed seen on hold as it mulls inflation outlook

(Reuters) - WASHINGTON, June 28 - U.S. Federal Reserve
policy-makers resumed a two-day meeting on Thursday that looked
certain to end with a decision to hold borrowing costs steady
and a likely restatement of concerns over inflation.




Financial markets widely expect the U.S. central bank to
hold benchmark overnight interest rates at 5.25 percent, a
level reached in June last year after 17 straight increases.


Read more at Reuters.com Bonds News

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