June 25, 2008

JustQuotes: The Fed Doesn't Cut, Inflation Giving Reason To Raise?

"The Federal Reserve left its benchmark interest rate at 2 percent, ending the most aggressive series of rate cuts in two decades, as higher energy costs threaten to boost inflation....Treasuries, which had fallen before the statement, dropped to their lows of the day before rebounding. Two-year note yields were 2.93 percent at 2:26 p.m. in New York, from 2.84 percent late yesterday."

∙ Fed Keeps Rate at 2%, Cites `Upside' Inflation Risks [Bloomberg]

First Published: June 25, 2008 11:45 AM

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