Tuesday, April 18, 2006

Fed: End of rising interest rates near

End of US rate hike cycle may be near WASHINGTON (Reuters)

Federal Reserve policy-makers meeting on March 27-28 felt the U.S. central bank was nearly done raising interest rates but remained worried about potential inflation risks.

"Most members thought the end of the tightening process was likely to be near, and some expressed concerns about the dangers of tightening too much, given the lags in the effects of policy," said the minutes from the policy-setting meeting, the first under new Chairman Ben Bernanke.

The minutes from the meeting, at which policy-makers raised interest rates for a 15th time since mid-2004, were released on Tuesday.

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