Fed raises rates again

The Federal Reserve raised a key short-term interest rate Tuesday and suggested more rate hikes are on the way, saying it believes the effects of Hurricane Katrina on the economy would be temporary.

The central bank’s policy-makers boosted their target for the federal funds rate a quarter-percentage point to 3.75 percent, the highest level in more than four years.

(CNN)

This entry was posted on Wednesday, September 21st, 2005 at 2:24 am and is filed under Advice. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Related Posts:

WordPress database error: [Table 'mortgage_mortgag.wp_comments' doesn't exist]
SELECT * FROM wp_comments WHERE comment_post_ID = '231' AND comment_approved = '1' ORDER BY comment_date

Leave a Reply

Click here