 RTE.ie | Fed lowers growth forecast, raises inflation Reuters - By Mark Felsenthal and Glenn Somerville WASHINGTON (Reuters) - The Federal Reserve on Wednesday slashed its US economic growth forecast for 2008 and signaled that mounting concerns over inflation would make further interest rate cuts unlikely. Treasurys pare losses after Fed cuts growth view Most Fed Officials Saw April Rate Cut as `Close Call' (Update4) |
Link - Wed, 21 May 2008 10:04:29 GMT - Feed (1 subs)
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