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Wednesday, September 20, 2006

AP - Fed Leaves Interest Rate at 5.25 Percent

AP Fed Leaves Interest Rate at 5.25 Percent
Wednesday September 20, 2:52 pm ET
By Martin Crutsinger, AP Economics Writer

Fed Leaves Interest Rate Steady As Falling Energy Prices Help to Restrain Inflation Pressures

WASHINGTON (AP) -- The Federal Reserve left a key interest rate unchanged on Wednesday, as falling energy prices have helped to restrain inflation pressures.

Federal Reserve Chairman Ben Bernanke and his colleagues issued a brief announcement saying they would leave the federal funds rate, the interest that banks charge each other, at 5.25 percent.


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