Wednesday, February 01, 2006

Federal Reserve raises rate

For the 14th straight time (the longest run in 25 years), the Federal Reserve has raised the federal funds rate to 4-1/2%. This was the final meeting chaired by Alan Greenspan. The next meeting is March 28th.

We will watch the mortgage interest rate reports to see what happens on the "home front."

To read more: Federal Reserve press release

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