Overnight rate to remain at 4.25%
U.S. inflation expected to decline gradually
Wage pressures gaining ground as jobless rate hovers close to a generational low
Bank of England leaves rates unchanged
Rates to fall as low as 3.25%
Economists expect Fed to remain on sidelines, anticipate hikes in 2007
Target for overnight rate remains at 4.25%
Economists say chances of any rate movement are “virtually nil”
But seven members say an upward adjustment to 4.50% would likely be appropriate at the bank's next interest-rate announcement in October
But rate hike is expected at the bank’s Oct. 5 meeting