Student or Learner
"...Investors concluded that the credit crunch would lead the U.S. Federal Reserve to raise rate by as much as a half of a percentage point while the European Central Bank might raise its benchmark, closing the gap that now gives better returns for dollars......"
This sentence seems clear; however, I cannot confirm the meaning of "while" from the context -- whether it should be understood as "at the same time as" or "whereas"/"but" or "although". Could you help me?
Thanks a great lot
"at the same time" is the nearest - or even just "and".