综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

   

The U.S. Federal Reserve left the federal funds rate unchanged

(AP)
Updated: 2007-08-08 02:16

WASHINGTON - The U.S. Federal Reserve left a key interest rate unchanged on Tuesday as worries about inflation trumped concerns about turbulent financial markets.

Fed Chairman Ben Bernanke and his colleagues voted unanimously to keep their target for the federal funds rate, the interest that banks charge each other, at 5.25 percent, where it has been for more than a year.

The Fed decision came after a volatile couple of weeks on Wall Street as investors have been beset by troubles in global credit markets stemming from a sharp rise in defaults on subprime mortgages.

In a brief statement, the Fed acknowledged the turbulence and said the downside risks to the economy had "increased somewhat."

But the Fed continued to state that the predominant risk remained that inflation "will fail to moderate as expected."

Many analysts believe the Fed will remain on hold through the rest of this year, preferring to watch and make sure that inflation moderates back to an acceptable level.

Tuesday marked the ninth consecutive meeting where the Fed has left its key policy lever unchanged. The last rate move was a quarter-point increase, the 17th in a row, on June 29, 2006. That capped a two-year campaign that pushed the funds rate from a 46-year low of 1 percent to its current level in a bid to slow the economy enough to keep inflation under control.

The decision to leave rates unchanged means that banks' prime lending rate, the benchmark for millions of consumer and business loans, will remain where it has been for the past year at 8.25 percent.



Top World News  
Today's Top News  
Most Commented/Read Stories in 48 Hours
息烽县| 平度市| 扶沟县| 诸城市| 义马市| 海城市| 勐海县| 新邵县| 井陉县| 桐梓县| 闽侯县| 开封市| 罗山县| 德庆县| 宝丰县| 东乌珠穆沁旗| 苏尼特右旗| 洱源县| 武鸣县| 沾化县| 澜沧| 临武县| 额尔古纳市| 鹤山市| 临西县| 阳信县| 师宗县| 绥棱县| 桃园县| 栾川县| 重庆市| 铜川市| 商洛市| 长岭县| 铁力市| 读书| 攀枝花市| 河源市| 应用必备| 林口县| 工布江达县|