(Reuters) - In a separate report, a Reuters/University of Michigan
survey showed consumer sentiment improved slightly in June from
earlier in the month as gasoline prices ebbed. Even so, the
final June reading was the lowest since last August.
Taken together, the reports suggested the Federal Reserve
was succeeding in controlling price pressures while fostering
moderate economic growth. They came a day after Fed
policy-makers said they were leaving the benchmark interest
rate at 5.25 percent, where it has stood for the past year.
Read more at Reuters.com Bonds News
survey showed consumer sentiment improved slightly in June from
earlier in the month as gasoline prices ebbed. Even so, the
final June reading was the lowest since last August.
Taken together, the reports suggested the Federal Reserve
was succeeding in controlling price pressures while fostering
moderate economic growth. They came a day after Fed
policy-makers said they were leaving the benchmark interest
rate at 5.25 percent, where it has stood for the past year.
Read more at Reuters.com Bonds News
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