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Fed Kept Rates at 5.25%; Oil Nears $70 |
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Author: 123jump.com Staff
123jump.com
Last Update: 4:07 PM EDT June 28 2007
U.S. left short term rates unchaged at 5.25%, nearly for a year, citing moderating core inflation and steady economic growth. First quarter GDP growth was revised to 0.7% from 0.6% by the Commerce Department. Weekly unemployment claims fell by 13,000 at the end of last week. Bed Bath & Beyond fell 4% on lower than expected earnings. European markets closed higher across the region. Shanghai fell 4%. Oil inched towards $70 per barrel. |
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