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Stuck in quagmire, Fed unlikely to raise rates

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The Fed, caught between mounting job losses and rising inflation, is likely to sit tight and hope that the interest rate cuts it has already provided will be enough to heal a sick economy. (MSNBC — 5 August, 2008)
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The Federal Reserve, caught between mounting job losses and rising inflation, held key interest rates steady today hoping it will be enough to heal a sick economy. (MSNBC — 6 August, 2008)
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Stuck in quagmire, Fed unlikely to raise rates
Stuck in quagmire, Fed unlikely to raise rates

Policymakers seemed to give less importance to the inflationary risks of keeping rates low than they had at their meeting on June 25. (New York Times — 6 August, 2008)
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Stocks close 331 points higher as central bank leaves interest rate unchanged at 2 percent.

(Washington Post — 6 August, 2008)
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Oil prices touched a three-month low, sending stocks soaring, while the Fed decided to keep its key rate steady to bolster the economy. (New York Times — 6 August, 2008)
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The current economic downturn began with housing. But ask Americans what worries them most about the lousy economy, and they are most likely to mention rising prices. (MSNBC — 12 hours ago)
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