Tuesday, December 13, 2005

Fed Raises Rates

The Fed raised its target funds rate a quarter point to 4.25%. Let’s hope that this is the last rate hike. As I have been saying for some time the Fed should be cutting not raising interest rates. The wording in the FOMC statement indicates that this may be the last hike. To read the statement: http://www.federalreserve.gov/boarddocs/press/monetary/2005/20051213/default.htm

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