Fed Leaves rates at 5.25%
August 8th, 2007
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The FOMC left rates holding at 5.25%.? This is the longest pause in 9-years.? They indicated they are still more worried about inflation than the slowing economy.? Furthermore, they are still holding to the belief that the problems in the housing will not spill over into the general ecnomony.? That is not my feeling.?
-- By Chris Duncan
