Tuesday, May 8, 2007

CORRECTED: Dollar drifts sideways before Fed decision

(Reuters) - The Fed is widely expected to keep rates on hold at 5.25 percent, and many analysts believe the central bank will emphasise in its post-meeting statement that worries about inflation pressures outweigh the economy's housing-led slowdown.

Weaker growth in the United States has stirred expectations that the Fed's next move will be to cut rates even as robust conditions elsewhere in the world have kept other major central banks on track to raise rates, luring funds to those currencies.


Read more at Reuters.com Hot Stocks News

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