Fed Seen Raising Rates for 11th Time Despite Katrina

Published on:
12 September 2006 at 10:20 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00007788-fed-seen-raising-rates-for-11th-time-desp/

By Glenn Somerville, Reuters

U.S. Federal Reserve policy-makers were expected to look past the devastation of Hurricane Katrina and boost interest rates for an 11th straight time on Tuesday to hold inflation at bay.

Earlier speculation that the damage the storm wrought on the U.S. Gulf Coast might prompt a hiatus in the Fed’s rate-rise campaign has given way to broad expectations that the central bank would push ahead with its policy tightening.

For this complete story, please visit Fed Seen Raising Rates for 11th Time Despite Katrina.

Fed Seen Raising Rates for 11th Time Despite Katrina

Unknown Author

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