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Fed Officials May Set Sights on Avoiding Low U.S. Inflation in Exit Debate

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The Fed’s preferred price gauge will slow to a gain of 1.2 percent this year, the lowest since 1962, according to a Bloomberg News survey of economists this month. "Prices may move to the center of the debate over the timing of an exit from the most stimulative U.S. monetary policy in history. Low inflation will keep the benchmark interest rate unchanged until the middle of 2011, predicts former Fed governor Laurence Meyer."

Policy makers meet today, and the Federal Open Market Committee will release its statement around 2:15 p.m. New York time.
SOURCE:   Bloomberg