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 (541 views)
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2 Comments

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?

Thursday, June 29, 2006 03:52PM Report Comment
 

2. Retiredbanker said...

inbreda

If the American property blogs are to be believed, the Fed does.

Thursday, June 29, 2006 05:56PM Report Comment
 

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