What did Ben Do?
by Tom on June 25, 2008
in Uncategorized
Fed leaves rates unchanged, ending 9-months of rate cuts – Jun. 25, 2008: “The widely expected move comes at a time when many economists are focusing more on inflation than on an economic slowdown. Some are predicting that the Fed will need to soon raise interest rates in order to keep rising prices in check.
In its statement, the Fed said it still expects inflation pressures to ease later this year, but cautioned about the upward pressure on prices caused by rising oil and other commodity prices.”
