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This is the archive for 08 August 2006

Tuesday, August 08, 2006

By Barry Wood
VOA News

The US central bank, the Federal Reserve, Tuesday held short-term interest rates steady, breaking a pattern of 17 consecutive quarter point hike in rates going back over two years. The Fed is worried that more rate increases could push a slowing economy into recession.
By VOA News

The United States and France are considering possible changes to a draft United Nations resolution aimed at ending the Israel-Hezbollah fighting.