• About Us
  • Our Services
  • Subscribe
  • Advertise
  • FAQ
  • Contact Us
Login | My Posts
Accountants in Cyprus
  • Publications
  • About Cyprus
    • Cyprus History
    • Cyprus Company Registration
    • Cyprus Tax
    • Cyprus VAT
    • Cyprus Accountants
    • Cyprus Economy
  • Find Accountants
  • Contact Us
No Result
View All Result
  • Publications
  • About Cyprus
    • Cyprus History
    • Cyprus Company Registration
    • Cyprus Tax
    • Cyprus VAT
    • Cyprus Accountants
    • Cyprus Economy
  • Find Accountants
  • Contact Us
No Result
View All Result
Accountants in Cyprus
No Result
View All Result
Home Publications News & Announcements

Fed holds rates steady, shows more worry on prices

June 29, 2008
in News & Announcements
Reading Time: 2 mins read

The Federal Reserve held interest rates steady and signaled it was in no hurry to raise them, even as it voiced greater concern about inflation.

The decision by the U.S. central bank left the benchmark overnight fed funds rate at 2% and effectively ended an aggressive rate-cutting campaign that the Fed launched in September to put a floor under an economy hit hard by a housing downturn and credit crisis.

“Although downside risks to growth remain, they appear to have diminished somewhat, and the upside risks to inflation and inflation expectations have increased,” the Fed said.

The statement marked a small step toward a tougher anti-inflation stance from a central bank that until recently had been intently focused on the economy’s weakness. “While the (Fed) sees greater upside risk to inflation than it has previously, it stopped far short of signaling a timetable or even a commitment for a rate hike,” Citigroup economist Robert DiClemente said in a note to clients.

“We see policy settling into a watchful, waiting mode, perhaps considerably longer than markets expect,” he said.U.S. stocks finished the session higher and prices for U.S. government bonds ended flat as traders scaled back expectations for a rate hike at the Fed’s next meeting in August.

Interest-rate futures put chances of an August increase at just over 30%, down from about 50% on Tuesday.At the same time, the dollar hit a two-week low against the euro, undercut by the expectation that the gap between U.S. and euro-zone interest rates is set to widen.

Earlier on Wednesday, a comment from European Central Bank President Jean-Claude Trichet had cemented expectations of an ECB rate hike in July.A Reuters poll of 16 top bond dealers found that most do not expect the Fed to start raising rates until the middle of next year.

Financial Mirror, 26/06/2008

ShareTweetShare
Previous Post

Toyota hit by severe forecast

Next Post

Theopemptou outlines hides for effective energy policy

Next Post

Theopemptou outlines hides for effective energy policy

Newsletter

Latest News

Financial Services Sector: Future of Finance
Articles

Financial Services Sector: Embracing the Future of Finance

March 24, 2023

This article delves into the DLT Pilot Regime, its objectives, and its significance in the European financial services sector. The...

Read more
Financial Services

More financial services included in accountants portfolio

March 23, 2023
InvestPro ONline- Cyprus Preview

InvestPro Online Cyprus Preview

March 23, 2023

Accountants in Cyprus is an accounting portal that consists of information in the field of finance and a network of Cyprus accounting firms and other financial service providers .

USEFUL LINKS

  • Accountants in Nicosia
  • Accountants in Limassol
  • Accountants in Larnaca
  • Accountants in Famagusta
  • Accountants in Paphos
Menu
  • Accountants in Nicosia
  • Accountants in Limassol
  • Accountants in Larnaca
  • Accountants in Famagusta
  • Accountants in Paphos

USEFUL LINKS

  • Cyprus Tax Consultants
  • Tax Planning Cyprus
  • Tax Benefits Cyprus
  • Double Taxation Treaties
  • Cyprus Accounting Firms
Menu
  • Cyprus Tax Consultants
  • Tax Planning Cyprus
  • Tax Benefits Cyprus
  • Double Taxation Treaties
  • Cyprus Accounting Firms

AFFILIATED SITES

logo-lawyers-in-cyprus
lawyers-malta
2022 © Accountants in Cyprus. All Rights Reserved. Developed by Wizzweb
  • About
  • Cyprus Accounting Services
  • Auditors in Cyprus
  • Contact Us
No Result
View All Result
  • Publications
  • About Cyprus
    • Cyprus History
    • Cyprus Company Registration
    • Cyprus Tax
    • Accountants Cyprus
    • Cyprus Economy
  • Find Accountants
  • Contact Us
  • Our Services
  • Subscribe
  • Advertise
  • FAQ

© 2023 Accountant in Cyprus

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.