TITLE

FOMQ Raises Funds Rate 25 Bps to 2.50%

AUTHOR(S)
Fevis, Craig T.
PUB. DATE
February 2005
SOURCE
Bond Buyer;2/3/2005, Vol. 351 Issue 32063, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article states that in its sixth interest rate hike in eight months, Federal Reserve Board policymakers; yesterday raised the federal funds rate 25 basis points to 2.50% as expected. The Federal Open Market Committee, which strives to bring rates to a "neutral level" said in a statement released after its two-day meeting that inflation remains controlled and indicated the further measured increases in the federal funds rate are likely. In the statement, which was virtually identical to both the one released at its last meeting on December 14 and the one in early November, the Fed also determined once again that the upside and downside risks to the attainment of both sustainable growth and price stability for the next few quarters were roughly equal.
ACCESSION #
15938479

 

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