Thursday, Jun 29, 2006
Fed widely predicted to raise base rate to 5.25% this evening
BBC News: US Fed seen hiking rates to 5.25%
The US Federal Reserve is widely expected to raise its key interest rate by a quarter of a percentage point on Thursday as it looks to slow inflation. A majority of analysts said they saw the Fed's Open Market Committee raising its key interest rate for a 17th time in a row to a five-year high of 5.25%.
Posted by webmaster @ 11:28 AM (192 views) Add Comment
2 Comments
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1. inbreda said...
Why doesn't the fed take a leaf out of the BoEs book and just remove anyhting of any relevance from the basket used to calculate inflation?
2. Retiredbanker said...
inbreda
If the American property blogs are to be believed, the Fed does.