Wednesday, May 21, 2008

Fed Signals Economic Contraction Won't Spur Interest-Rate Cut - Bloomberg - SendMeRSS



Maktoob Business (press release)
Fed Signals Economic Contraction Won't Spur Interest-Rate Cut
Bloomberg - 59 minutes ago
By Scott Lanman and Craig Torres May 22 (Bloomberg) -- Federal Reserve policy makers signaled that an economic contraction in the first half won't be enough to spur further interest-rate cuts because of a rising threat from inflation.
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