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October 13, 2008 2:16:29 PM CDT



As Expected, Fed Holds Steady

Posted Jun 25, 08 1:40 PM CDT in US Business 

(AP) – The Federal Reserve decided today leave a key interest rate unchanged, bringing an end to a string of consecutive rate cuts aimed at keeping the country out of a deep recession. The federal funds rate will remain at 2%—the first time in 10 months the Fed has failed to reduce interest rates at one of its regular meetings.

Source Associated Press

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Federal Reserve Chairman Ben Bernanke.   (AP Photo)
Federal Reserve Chairman Ben Bernanke, as expected, did not raise interest rates today.   (AP Photo)
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