Tuesday, Aug 08, 2006

Fed keeps rates on hold...for now

BBC News: US Fed ends cycle of rate hikes

US central bankers have held the country's key interest rate at 5.25%, breaking a two-year cycle of rate hikes introduced to slow a rampant economy. The news brings relief to millions of consumer and business borrowers, but the Federal Reserve said it was still worried about rising prices and wages.

Posted by webmaster @ 10:30 PM (520 views)
Add Comment
Report Article

2 Comments

1. harold said...

"Meanwhile we'll just keep flooding the market with liquidity and hope that no one notices that their hard-earned bits of green paper are soon to be worthless", said Federal Reserve chairman, Ben Bernanke. (Well okay he didn't actually say that, but he might just as well have.)

Other 'quotes' welcomed.

Tuesday, August 8, 2006 11:11PM Report Comment
 

2. Autopilotengage said...

This is as big a reason for the 's "incredible" performance against the $ in the last few days, the markets were expecting the Fed to hold.

Wednesday, August 9, 2006 10:23AM Report Comment
 

Add comment

  • If you do not have an admin password leave the password field blank.
  • If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines
Username  
Admin Password
Email Address
Comments

Main Blog | Archive | Add Article | Blog Policies