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Treasury prices rise modestly ahead of Fed meeting
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Posted on
Jun 24 2008 6:04 AM
by
adeal
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Treasury prices were little changed Monday as investors positioned themselves ahead of the Federal Reserve's interest rate decision. The Fed is scheduled to meet Tuesday and Wednesday, and then Wednesday afternoon release its rate decision. Most market participants do not expect policy makers to alter interest rates this week, but many believe the Fed could start raising rates as soon as September, as several central bank officials have recently focused their comments on the growing threat of inflation.
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