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Tepid growth, stable interest rates.

Publication: The Washington Times
Publication Date: 20-MAR-07 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Tepid growth, stable interest rates.(EDITORIALS)

Article Excerpt
Byline: THE WASHINGTON TIMES

The U.S. economy has slowed down noticeably in recent quarters. During the previous three quarters, economic growth has averaged 2.25 percent. Growth during the first quarter of 2007 may prove to be even more tepid. But don't expect the Federal Reserve to lower its short-term target interest rate tomorrow. The Fed's policy committee will almost certainly maintain the federal-funds rate at 5.25 percent.

The fed-funds rate hasn't budged since June, when the Fed...

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