FOMC Unchanged, USD Holds Gains |
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8/5/2008 3:35 PM: EUR/$..1.5466 $/JPY..108.16 GBP/$..1.9566 $/CHF..1.0532 AUD/$..0.9146 $/CAD..1.0432 FOMC Unchanged, USD Holds Gains The FOMC, as expected, left interest rates unchanged at 2.0% when it announced its decision earlier in the session. The accompanying statement offered a neutral bias, reiterating high uncertainty over the inflation outlook, continued softening in the labor markets and considerable stress on the financial markets. The Fed expects tight credit conditions, the
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