US rates to hold, for now

Growth forecasts for the US for 2008 have been revised upwards to 1.1 per cent by the International Monetary Fund (IMF), however concerns remain over the credit crisis and rising inflation.

Earlier this month the Fed indicated that rates may rise, although there is unlikely to be any upward movement before September.

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Written by Staff Reporter

Last Updated: 09 March 2022

Published: 23 June 2008