FOMC Bumps Funds Rate 25 Bps to 4.75%

Ackerman, Andrew
March 2006
Bond Buyer;3/29/2006, Vol. 355 Issue 32349, p2
Trade Publication
The article reports that the Federal Reserve Board policymakers have increased the federal funds rate by 25 basis points to 4.75 percent. The rate hike results from the assertion of the Federal Open Market Committee that the reduction of real gross domestic product in the fourth quarter of 2005 may reflect temporary factors. Ongoing productivity gains contribute to the growth of unit labor costs in check. The possible increases in resource utilization may add to inflation pressures.


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