TITLE

FOMC Ups Funds Rate 25 Bps to 2.75%

AUTHOR(S)
McConnell, Alison L.
PUB. DATE
March 2005
SOURCE
Bond Buyer;3/23/2005, Vol. 351 Issue 32096, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
16520216

 

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