TITLE

FOMC Uncertain in June About Future Rate Hikes

AUTHOR(S)
Ackerman, Andrew
PUB. DATE
July 2006
SOURCE
Bond Buyer;7/21/2006, Vol. 357 Issue 32428, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the U.S. Federal Open Market Committee (FMOC) members have unanimously voted to increase a key interest rate by 25 basis points to 5.25%. The issue was decided at a FMOC meeting, in which most members projected slower growth in the future as the increase in energy prices and rent decelerates. Inflationary pressures decline with a decrease in resource utilization cost. FMOC members predicted solid growth, but a slowdown from more robust increases earlier in the year.
ACCESSION #
21784068

 

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