Mon, Sep 08, 2008
|
TCI Shopping
|
|
Featured TCI Properties |
|
Former Day Care Center
Buffalo, NY
|
| Price: $300,000 | |
|
|
Feds Raises Another Quarter
| | Tuesday, December 14, 2004 @ 04:53 PM EST
|  Printer Friendly Page
 Send this Story to a Friend |
Contributed by: Alexander Levin
Alexander Levin Properties
Read more archived articles about News and Announcements
Central bank boosts fed funds rate to 2.25% but after 5 hikes in this year what's in store for '05?
December 14, 2004: 3:59 PM EST
By Paul R. La Monica, CNN/Money senior writer
NEW YORK (CNN/Money) - The Federal Reserve raised a key short-term interest rate a quarter-percentage point Tuesday -- the fifth increase this year and one that was widely anticipated on Wall Street.
The central bank increased the target for its federal funds rate, an overnight lending rate that helps banks determine rates on many loans, to 2.25 percent from 2 percent.
The Fed's policy-making Open
Market Committee said in a statement that inflation is expected to remain relatively low and that it would likely keep raising rates at a "measured" pace -- something it's been saying since it started raising rates in June, and also something that most investors and economists had been expecting.
Read the rest here:
http://money.cnn.com/2004/12/14/news/economy/fed_rates/index.htm
Word Cloud:
something market widely open raises after expecting.
read target funds point boosts central hikes most paul helps expected this quarter-percentage interest policy-making street. cnn/money raising remain federal href="http://money.cnn.com/2004/12/14/news/economy/fed_rates/index.htm">http://money.cnn.com/2004/12/14/news/economy/fed_rates/index.htm saying year increased many />
central fed's started raised "measured" relatively june, feds rest york 2.25% percent it's overnight statement rate been increase 3:59 since reserve anticipated writer percent. bank another what's inflation />
by wall monica, '05?
december likely short-term lending determine fifth investors pace also here: rate, (cnn/money) 2.25 quarter keep said 2004: store banks would />
new loans, tuesday economists senior committee rates />
the
|
|
| |
Average Score: 4
Votes: 1
|
|
| "" | Login/Create an Account | 0 Comments |
|
| These comments are owned by the posters. We aren't responsible for their content nor endorse them.TCI Comment section - where you are the moderator!If you see an offensive post or advertisement, please use the "As Is" drop down menu to choose a topic rank, then click Moderate at the bottom. This in turn will allow registered users to view only the topics that are most relevant to the article and get rid of the advertisement spam and junk. |
|
|
