FOMC Leaves Rate at 5.25%
June 28th, 2007
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Today the FOMC left the overnight lending rate that banks make to each other at 5.25%. This is the eighth time they have not changed the rate. The last time rates were changed was last year on June 29, 2006.
They cited the concern that inflation has not decreased as much as they would like.
This should leave CD rates in the ranges we’ve been seeing.
-- By Chris Duncan
