FOMC Ups Funds Rate 25 Bps to 2.75%

McConnell, Alison L.
March 2005
Bond Buyer;3/23/2005, Vol. 351 Issue 32096, p2
Trade Publication
Reports that the U.S. Federal Reserve Board policymakers has raised the federal funds rate 25 basis points to 2.75% and retained the word measured in their description of possible future tightening actions. Statement by the Federal Open Market Committee on the inflation; Determination by the Fed that the upside and downside risks to the attainment of both sustainable growth and price stability for the next few quarters were roughly equal; Indication that further increases in the fed funds rate may follow.


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