Streak of 17 Raises Ends As Fed Holds Rate at 5.25%

Ackerman, Andrew
August 2006
Bond Buyer;8/9/2006, Vol. 358 Issue 32441, p2
Trade Publication
This article presents information on the decision of the U.S. Federal Open Market Committee (FOMC), policy making arm of the U.S. Federal Reserve Board, not to hike the federal funds rate further from 5.25%. The FOMC indicated that rate hikes could come at future meetings if the need arises. It was the first time since June 2004 that the FOMC put a break on its string of rate increases.


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