- BREAKING NEWS: FED hikes interest rates by 0,25 %, as expected (o.Text) - Helmut, 21.09.2004, 20:15
- Re: BREAKING NEWS: FED hikes interest rates by 0,25 %, as expected (o.Text) - Emerald, 21.09.2004, 20:27
- Fed raises rates again - Helmut, 21.09.2004, 20:29
- Greenspan mit Wahlkampf pur: Wirschaft 'wieder erstarkt',keine Inflation... - kingsolomon, 21.09.2004, 20:30
Fed raises rates again
-->Fed raises rates again
Third straight quarter-point hike
By Gregory Robb, CBS Marketwatch.com
Last Update: 2:24 PM ET Sept. 21, 2004
WASHINGTON (CBS.MW) - The Federal Reserve raised its key overnight interest rate by a quarter percentage point Tuesday and signaled that more rate hikes are likely in coming months.
The Fed raised its Fed funds rate to 1.75 percent from 1.50 percent, the third straight meeting with a quarter-point rate hike.
Federal Reserve chairman Alan Greenspan and his colleagues said that even with these three rate hikes, monetary policy remains accommodative and that this should be removed"at a pace that is likely to be measured."
The Fed said the economy"appears to have regained some traction, and labor market conditions have improved modestly."
The Fed noted that despite the rise in energy prices,"inflation and inflation expectations have eased in recent months."
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