Fed's FOMC likely to hold US interest rates

The US economy is in fairly good shape despite the flagging housing and auto industries, suggesting the Federal Reserve will leave US interest rates unchanged at its meeting Tuesday 12 December.

Fed chairman Ben Bernanke and his central bank colleagues were expected to keep interest rates unchanged Tuesday when they met for their last such session for the year.

It would mark the fourth meeting in a row in which the Fed left an important rate unchanged at 5.25 percent.

The Fed believes slower

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