Inflation Pressure contained

Posted by | October 29, 2007 | Current Affairs | No Comments

It looks like Ben can plan a broader economic policy with the Inflation pressure relatively contained. Of course the slow growth rate, and increased oil prices remains a problem. According to Reuters It is crucial for the economy as the FOMC or the Fed’s Open Market Committee would meet on Tuesday and Wednesday. The last rate cut was in September decreased the rate from 5.25% to 4.75%.

The value of the U.S Dollar is quite low and has affected the import led economy; and hence the risk of inflation is always there.

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