Federal Reserve Raises Interest Rates

Published on:
12 September 2006 at 10:19 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00015714-federal-reserve-raises-interest-rates/

By Edmund L. Andrews, New York Times

The Federal Reserve raised short-term interest rates on Thursday, the ninth consecutive increase and almost certainly not the last.

As investors expected, the central bank raised the federal funds rate on overnight loans between banks a quarter-point, to 3.25%.

In a statement that accompanied the announcement, policy-makers gave no hint of when they might slow or stop their march to higher rates.

They repeated previous declarations that monetary policy is “accommodative,” which means interest rates are still lower than officials want, and they again said rates could still rise at a “measured” pace.

For this complete story, please visit Federal Reserve Raises Interest Rates.

Federal Reserve Raises Interest Rates

Unknown Author

Featured Resources

Webinars

RA Compliance Corner: Managing Your Service Providers- Do you really have it all in order?

About