Tuesday, May 08, 2007

Federal Reserve expected to hold the line...

Earlier we discussed rumors of what might happen when the Federal Reserve meets tomorrow as far as would they make any change to interest rates. Now it is being reported that it is expected
hold interest rates steady
though this has increased the concern of inflation. Rates have held firm for over night borrowing at 5.25 percent for six consecutive meetings since August.

We won't know for certain though until tomorrow afternoon, the announcement is typicall made in late afternoon, tomorrow's is scheduled for 2:15 E.T.

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