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Fed expected to hold rates amid political pressures
Federal Reserve policy makers are likely to reject President Bush’s plea for more rate cuts. Economists say the FOMC will sit on the sidelines for eight weeks, weighing the impact of July 2 easing as rates and mortgage costs show tentative signs of revival in housing.
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Washington
Federal Reserve
Bush
David Jones
Aubrey G. Lanston & Co
New York
Laurence H. Meyer
St. Louis
Fed
Jeremy A. Gluck
Mitsubishi Bank Weekly