FED lässt Zinsen unverändert :-))

  Fed keeps rates on hold
Policy makers leave fed funds rate at 6.5%, discount rate at 6%
June 28, 2000: 2:17 p.m. ET


NEW YORK (CNNfn) - The Federal Reserve opted to hold the line on interest rates Wednesday, a signal that policy makers believe their efforts to slow U.S. economic growth are working -- for now.

The Federal Open Market Committee left its influential fed funds target for overnight loans between banks at 6.5 percent. It also left the discount rate -- the rate at which the Fed's 12 district banks lend directly to financial institutions -- at 6 percent.

The Fed action was widely anticipated.  

cnnfn.com

Smile

Release Date: June 28, 2000



For immediate release  


The Federal Open Market Committee at its meeting today decided to maintain the existing stance of monetary policy, keeping its target for the federal funds rate at 6-1/2 percent.

Recent data suggest that the expansion of aggregate demand may be moderating toward a pace closer to the rate of growth of the economy's potential to produce. Although core measures of prices are rising slightly faster than a year ago, continuing rapid advances in productivity have been containing costs and holding down underlying price pressures.

Nonetheless, signs that growth in demand is moving to a sustainable pace are still tentative and preliminary, and the utilization of the pool of available workers remains at an unusually high level.

In these circumstances, and against the background of its long-term goals of price stability and sustainable economic growth and of the information currently available, the Committee believes the risks continue to be weighted mainly toward conditions that may generate heightened inflation pressures in the foreseeable future.