Fed likely to leave rates on hold as US recovery looms
MARKET NEWS
WASHINGTON, DC -- The Federal Reserve is likely to leave US interest rates on hold this week as signs of a US economic recovery start to take shape, analysts told FX Week.
In a testimony to the US Senate last week, Fed chairman Alan Greenspan said he saw encouraging signs that the present US recession could be coming to an end. "There have been signs recently that some of the forces that have been restraining the economy over the past year are beginning to diminish and that activity is beginning
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