Thursday, June 28, 2007

Treasuries Fall Before Federal Reserve Decision as Inflation Gauge Rises

(Bloomberg) -- Treasuries fell after a government
report showed inflation in the first quarter was faster than
previously estimated.

The report highlighted the risk of accelerating inflation
as the Federal Reserve met on interest rates in Washington. With
the central bank expected by all 113 economists surveyed by
Bloomberg News to leave its key rate unchanged at 5.25 percent
for an eighth straight time, investors will examine the
statement announcing the decision for clues about future moves.


Read more at Bloomberg Bonds News

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