Central bank policy-makers keep rates on hold, but drop long-standing pledge to be 'patient.'
May 4, 2004: 2:17 PM EDT
NEW YORK (CNN/Money) - Federal Reserve policy-makers held a key interest rate at the lowest level in more than 40 years Tuesday, but dropped a long-held pledge to be "patient" before raising rates, setting the stage for future increases.
The central bankers left their target for the federal funds rate at 1 percent, a level last touched in 1962 and not seen on a consistent basis since 1958. The fed funds rate is an overnight bank loan rate that influences many banks' prime lending rates, and most economists expect the Fed to raise it some time this year.
O Clubeinvest.com informa que nenhuma da informação
aqui facultada deverá ser entendida como conselho ou recomendação
de qualquer tipo de transacção ou investimento.
