Wednesday, May 9, 2007

Fed Leaves Fed Funds at 5.25%

As expected Fed leaves Fed Funds at 5.25%.

Again the Fed says the "committee's (FOMC) predominate policy concern... risk inflation will fail to moderate".

Fed also repeating, "future policy adjustments will depend on evolution of outlook for inflation and economic growth".

The language is the same as the last meeting about six weeks ago. The holding pattern continues.

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