AgentIndustry News

Fed returns to inflation fighting

Katrina fades from economic radar
Published on Sep 26, 2005

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by CareyBot

Rita has the financial markets on edge, but don't be distracted from the main event: the Fed's calculation of inflation risk and the economic cost to control it.

Mortgage rates fell before and after the Fed raised the overnight cost of money another .25 percent to 3.75 percent, and made clear that more .25 percent hikes are coming. Mortgage money is back near 5.75 percent, the 10-year T-note now 4.2 percent from 4.26 percent pre-Fed.

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