Industry News

Fed leaves short-term interest rate at 5.25%

Risk of inflation outweighs 'adjustment' to housing market
Published on Mar 21, 2007

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by CareyBot

Saying worries about inflation outweigh the ongoing “adjustment in the housing sector,” the Federal Reserve’s Open Market Committee said Wednesday it is keeping the short-term federal funds rate at 5.25 percent. The rate banks charge each other for overnight loans ...