Industry News

Fed raises key funds rate to 4.75%

More increases could be on the way
Published on Mar 28, 2006

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by CareyBot

In a widely expected move, the Federal Open Market Committee today raised its target for the federal funds rate by 25 basis points to 4-3/4 percent, a five-year high. The meeting of the committee marked the first time Ben Bernanke, ...

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