Wednesday, June 20, 2007

Fed seen on hold amid inflation debate: report

(Reuters) - Data due next week is likely to show that near-term
inflation is staying within policy makers' comfort zone of 1
percent to 2 percent growth, and the Fed is likely to express
concern that its long-term forecast of moderate inflation could
go off track.




"The Fed is still worried about inflation going higher,
though less so than a few months ago," according to the
analysis.


Read more at Reuters.com Economic News

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