Bernanke hints at June rate hold

The Federal Open Market Committee's (FOMC) rate-slashing cycle, which has seen rates fall by 325 basis points since September, looks to be at an end.

The committee has cut rates at its last six scheduled meetings and made an emergency cut in December. But Ben Bernanke, the chairman of the Federal Reserve, on Tuesday all but confirmed analysts' expectations that the FOMC will hold rates later this month.

"For now, policy seems well positioned to promote moderate growth and price stability over

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