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FOMC holds Fed funds rate at 2.0%, steady policy
By:Haligonian
Date: Tuesday, 5 August 2008, 9:20 pm

FOMC holds Fed funds rate at 2.0%, indicates steady policy (by Greg Robb)

WASHINGTON (MarketWatch) - The Federal Open Market Committee on Tuesday kept its benchmark federal funds rate unchanged at 2.0%. The decision was expected by traders and economists on Wall Street. In its statement, the Fed gave no sign that it plans to change policy in the foreseeable future. There was one dissent from Dallas Fed Richard Fisher, who wanted to hike rates.