SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : The Hot Button Questions:- Money, Banks, & the Economy
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: maceng2 who wrote (623)6/30/2004 2:47:49 PM
From: maceng2  Read Replies (1) of 1417
 
Fed raises interest rate to 1.25%

(If I felt there was any truth in this story I would return to the USA in a blink of an eye. Manufacturing in the USA does not look like picking up to me. Also, interest rate increases does not help those in debt, or those with big mortgages to pay. Not good for "consumer spending". Looks bad to me, hence my caution ...pb)

news.bbc.co.uk

The US Federal Reserve has raised interest rates by a quarter percentage point, in a widely-anticipated move.
The rise is the first in nearly four years, and is a means of curtailing inflation as the US economy continues to grow.

The benchmark rate has been increased to 1.25%, from the previous 1% - its lowest level since 1958.

Fed officials, including chairman Alan Greenspan, have hinted in previous months that a rise was imminent.

The announcement came after a two-day meeting of the central bank's Federal Open Market Committee (FOMC).

As well as rising consumer spending, and confidence, the US jobs market is also looking increasingly healthy.

Over the past three-and-a-half years Mr Greenspan has cut rates steadily to offset the effects of the popping of the technology bubble in the late 1990s, the 11 September attacks, and the wars in Afghanistan and Iraq.

Investors and analysts are now waiting to see if Mr Greenspan moves at his promised "measured" pace in returning rates to normal.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News