August 8, 2006


Fed Skips Interest-Rate Increase, Ending Two-Year Run (Bloomberg, 8/08/06)

The Federal Reserve kept the benchmark U.S. interest rate at 5.25 percent, ending a record two-year run of increases while leaving room for further moves should higher inflation persist. [...]

In their toughest decision since Chairman Ben S. Bernanke took the Fed's helm in February, central bankers are counting on economic growth slowing enough to damp a pickup in prices.

Posted by Orrin Judd at August 8, 2006 4:06 PM
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