Greenspan dampens rate hike fears

US - The US Federal Reserve is expected to leave interest rates unchanged until an economic recovery in the US has gained a strong foothold, analysts said after having listened to a key speech by the Fed chairman Alan Greenspan.

In recent months Greenspan's views on the US economy have been positive but he has cautioned that the rebound may be slower than what has taken place after previous recessions.

"He certainly makes it sound like interest rate rises are going to come later rather than sooner

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