Fed opts to hold line on interest rates

The US Federal Reserve left short-term interest rates unchanged yesterday as inflation remained benign, despite solid growth …

The US Federal Reserve left short-term interest rates unchanged yesterday as inflation remained benign, despite solid growth and worries about instability. The decision by the 12-member Open Market Committee had been near unanimously anticipated by traders and analysts who predicted the Fed would not want to exacerbate political and social unrest in Jakarta.

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