Wednesday, July 18, 2007

FED FOCUS-Forecasts signal inflation vigilance

(Reuters) - In its semi-annual report to Congress on Wednesday, the Fed
left its forecasts for core inflation for this year and next
unchanged, while slightly lowering its growth forecasts.




Since recent data has shown an easing in core, or nonfood,
non-energy inflation, economists were surprised the Fed did not
lower its core inflation forecasts from projections released
six months ago.


Read more at Reuters.com Bonds News

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