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Re: 2X-Be-Me post# 1306

Tuesday, 08/08/2006 2:29:03 PM

Tuesday, August 08, 2006 2:29:03 PM

Post# of 31925
Inflation risks remain - cause for future hike possibility

The Fed's rate-setting committee voted 9 to 1 to leave the federal funds rate, the interest banks charge on overnight loans, at 5.25 percent. It was the first time the Fed had met and not raised rates in more than two years.

However, the relief for millions of business and consumer borrowers could be only temporary. The central bank said that "some inflation risks remains," holding out the possibility that it could resume raising rates at future meetings.

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