Fed Increase Likely Not the Last; Observers Expect Further Upward Movement After Interest Rate Is Raised for Eighth Consecutive Time
The Milwaukee Journal Sentinel › May 04, 2005
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Summary
Federal Reserve policy-makers continued their pre-emptive fight against inflation Tuesday by increasing short-term interest rates one-quarter of a percentage point.
The widely expected action was the eighth consecutive such rise, and probably will not be the last.See the full content of this document
Extract
Fed Increase Likely Not the Last; Observers Expect Further Upward Movement After Interest Rate Is Raised for Eighth Consecutive Time
Almost before the Fed's explanation of the move had flashed on computer screens around the world, observers said they expect another such increas...
See the full content of this document
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