Industry News

Fed raises federal funds rate to 3.75%

Committee does not see Katrina causing 'persistent threat'
Published on Sep 20, 2005

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by CareyBot

The Federal Reserve again has boosted the key federal funds interest rate to 3.75 percent, the 11th increase in a year. The Federal Open Market Committee decided today to raise its target for the federal funds rate by 25 basis ...

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