Fed willing to cut more but inflation fears linger

Date: Wed, 20 Feb 2008 22:06:03 (GMT)

Fed willing to cut more but inflation fears linger

The Federal Reserve confirmed that it is willing to do more to help the
economy find its footing, but warned that nagging inflation worries may
necessitate swift rate hikes once growth resumes, minutes of the latest
meetings released Wednesday show.

Futures Movers: Crude oil rallies to new record close of $100.74

Crude-oil futures briefly trade at a new record high of $100.40 a
barrel, amid continued speculation that the Organization of Petroleum
Exporting Countries will cut production.

Emerging Markets Report: Rocky conditions cause a slowdown in Brazil's
IPO market

SAN FRANCISCO
Brazil's market for initial public offerings has cooled from its
white-hot pace last year with companies deciding that conditions in the
broader equity market are too rough to launch new issues, according to a
report.