Steady interest rates forecast for Tuesday

Bangkok News.Net
Monday 4th August, 2008

Interest rates should remain steady after the US Federal Reserve meets on Tuesday.

Bank members are expected to agree that financial conditions remain strained, despite a recent pullback in energy prices.

Economists say the central bank is also likely announce that the next rate move will be upward, due to creeping inflation.

While a number of Fed officials have argued about the danger of holding rates too low for too long, recent data have supported a patient monetary policy approach, with falling employment and subdued second-quarter growth underscoring the fragile state of the economy.

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Comments on this story

Anonymous
08-04-08, 12:38 PM

Steady interest rates forecast for Tuesday

The very good news for the 2008 Presidential Hopeful Sen. JOHN McCAIN’s advantage is that our US dollar value is rebounding toward Appreciation continually until next 1st half-of-2009. The US dollar rebounding will slip the gasoline price lower to American consumers.
Sen. McCAIN’s Lexington Project to build 45 new clean-air soft-water nuclear plants, either consider to use 30-year US Energy Bond sales to pay for the expenses is acceptable for thousands of new “good” jobs creation for American people. It’s worth of it.

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