Federal Reserve Raises Funds Rate

Published on:
12 September 2006 at 10:21 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00004187-federal-reserve-raises-funds-rate/

In an unsurprising move, the Fed has raised interest rates 25 basis points to 5 per cent — its highest level in more than five years, according to a story running in various media.

The rate hikes effectively raise the borrowing costs for millions of Americans.

Economists remain unsure whether this is just one in a series of rate increases, or if this will satisfy the Fed.

You can read more about this story at Federal Reserve Raises Funds Rate.

Federal Reserve Raises Funds Rate

Unknown Author

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