LA Times Writes "Hopes Ebbing for Cuts in Interest Rates"

Jun 06 07

LA Times Writes "Hopes Ebbing for Cuts in Interest Rates", adding, "The shift in outlook could be good for savers' money-market funds". It says Merrill Lynch and Goldman Sachs "retracted long-standing predictions that the Federal Reserve would begin cutting its key short-term rate, now 5.25%, in the second half of the year."

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