Fed Leaves Interest Rates Unchanged...
Associated Press:
he Federal Reserve kept interest rates unchanged on Wednesday for a third consecutive meeting, hoping that a slowing economy will dampen a worrisome rise in inflation.
The Fed left its federal funds rate at 5.25 percent. It has been at that level since late June when the central bank raised rates for a 17th consecutive time in a two-year effort to combat rising inflation.
First Posted: 10-25-06 02:09 PM | Updated: 03-28-08 02:44 AM