FOMC Holds Target Rate at 2.00%, Cites Uncertainty in Inflation Outlook
June 25, 2008 – 8:35 amThe Federal Reserve announced Wednesday that it would hold the Fed funds target rate at 2.00%, as was widely expected. The accompanying statement was balanced between a concern for slowing growth and rising uncertainty in inflation.
In the statement, the Fed said "overall economic activity continues to expand, partly reflecting some firming in household spending."
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