Rate Increase Likely in Effort to Fight Inflation; Recovery Will Dictate Next Move
The Milwaukee Journal Sentinel › May 03, 2005
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Summary
Federal Reserve Board policy-makers are widely expected to increase short-term interest rates by one quarter of 1% this afternoon, continuing a campaign against inflation they started 10 months ago.
Assuming the increase goes through, the Fed will have tripled the cost of overnight loans at banks since last June, with the results rippling through the economy.See the full content of this document
Extract
Rate Increase Likely in Effort to Fight Inflation; Recovery Will Dictate Next Move
The question now is whether the increases will continue. Economic crosscurrents will lash Federal Reserve Board Chairman Alan Greenspan and his colleagues as they consider that decisio...
See the full content of this document
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