Overview
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America's Federal Reserve left interest rates unchanged at 1.0%. The Fed said that the risks to economic growth for the next few quarters were roughly balanced, but that inflation was more likely to fall than rise. The Fed reaffirmed that low interest rates could be maintained “for a considerable period”.
This article appeared in the Economic & financial indicators section of the print edition under the headline “Overview”
From the November 1st 2003 edition
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