Tuesday, August 10, 2004

 

Fed raises rates despite poor economic news.


The Fed just announced that it would raise overnight lending rates by .25 bps, making the Prime rate 1.5%. It is the second straight "tightening" of rates by the Fed in two months.

More analysis to follow later today.

Comments: Post a Comment

<< Home

This page is powered by Blogger. Isn't yours?