Wednesday, July 18, 2007

Treasuries Rise as Federal Reserve Trims Forecast for U.S. Economic Growth

(Bloomberg) -- Treasuries rose as the Federal
Reserve trimmed its forecast for U.S. economic growth this year
and next on weaker-than-anticipated home building, while keeping
its inflation projections unchanged.

Fed Chairman Ben S. Bernanke predicted in testimony before
Congress that U.S. economic growth will pick up slightly next
year and inflation will gradually recede.


Read more at Bloomberg Bonds News

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