Fed Says at Least One More Rate Hike

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

Written by: Unknown Author –

http://www.insidearm.com/news/00001720-fed-says-at-least-one-more-rate-hike/

By Alister Bull, Reuters

The Federal Reserve has at least one more rate hike to go before halting its 18-month tightening campaign but policy visibility expires beyond that point, one of its top officials said on Wednesday.

“The (Dec. 13) minutes suggested that a couple more increases, a number of further increases, are in store. I think that means at least one. Beyond that, I don’t really have anything to offer by way of guidance,” Richmond Federal Reserve President Jeffrey Lacker told reporters.

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