Qualcomm Inc (QCOM)

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2:16pm 03/16/04 FOMC keeps rates steady, more worried about jobs By Greg Robb
WASHINGTON (CBS.MW) - The economy continues to expand but there are renewed worries about the job market, Federal Reserve officials said Tuesday. Following a closed-door meeting, the Federal Open Market Committee opted to keep its interest rate target at a 45-year low of 1 percent. The vote was unanimous. The FOMC said that new hiring has lagged since the last meeting on Jan. 28. The FOMC did not change its wording on the inflation outlook, saying the risks of deflation and rising prices are almost equal.

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