Fed leaves rates alone again

Fed leaves rates alone again
Bernanke & company hold at 5.25 percent, say economic growth 'moderate'; investors see no rate hikes ahead.
By Paul R. La Monica, CNNMoney.com editor at large
May 9 2007: 3:49 PM EDT


NEW YORK (CNNMoney.com) -- The Federal Reserve held a key interest rate steady Wednesday and indicated again that it was concerned about slower growth as well as inflation - an encouraging signal to investors that the central bank will not raise rates any time soon.

The Fed, as widely expected, kept its target for the federal funds rate, an overnight bank lending rate that affects credit card, home equity and other loan rates, at 5.25 percent.

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