Thursday, 30 June 2005
Fed Continues to Raise Rates at a ‘Measured’ Pace
Posted in Money by Chris at 16:49
Booo.
The Federal Reserve raised short-term interest rates this afternoon, the ninth increase in a row and almost certainly not the last.
As investors had already assumed, the central bank raised the federal funds rate on overnight loans between banks by a quarter point, to 3.25 percent.
I’ve so got to get out of this HELOC, but quick. Nothing like stagnant wages and rising costs (energy, consumer, mortgage, whatever) to really drive home the This-Life-Sucks vibe. That and no sleep and no endorphins for a few weeks. Boooo! Boo, I say. Knew this was coming, but still… boooooo.
Leave a Comment
You must be logged in to post a comment.





