Fed set to hold rates, but signal change in stance

- Central Banking staff
- 04 May 2004

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Federal Reserve policy-makers were due to meet on Tuesday 4 May to plot the beginning of the end for the lowest U.S. official interest rates in 46 years. Some analysts believe there's a chance that the Fed might drop the word ''patient'' in its statement about interest rate policy that will be released at the end of Tuesday's meeting.

Just when the policy-setting Federal Open Market Committee will pull the trigger on a rate rise remains unclear -- although it will not happen on Tuesday -- but the

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