SIFMA: Fed rates on hold; U.S. growth to remain slow

The Federal Reserve will likely leave the key U.S. interest rate unchanged at 2% after today's meeting, SIFMA said Tuesday. In its semiannual forecast, SIFMA's Economic Advisory Roundtable said that the U.S. economy looked set to grow at 1.6 percent this year and at 1.9% in 2009. "The general consensus of the Roundtable is that the U.S. economy will continue to encounter stiff headwinds through 2008, but begin to revive in 2009," said Steve Davidson, SIFMA managing director of capital market research. Read the SIFMA press release.

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