Fed is expected to keep interest rates on hold

06/21/2010 | Wall Street Journal, The

Officials from the Federal Reserve are poised to meet this week, and since their last meeting nearly two months ago, financial markets have gone through a fairly woeful period. Investors remain concerned about Europe's sovereign-debt crisis but also are worried about economic growth in the U.S. The Fed is expected to keep interest rates on hold when its meeting ends Wednesday. Traditionally, this would be good for Wall Street, but this time, the central bank's lack of movement could spook investors.

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Wall Street Journal, The

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