Fed raises target rate to 2% 
Real estate rates remain low, but 10-year Treasury headed up
By Samantha Peterson, Wednesday, November 10, 2004.Inman News®
The Federal Reserve's Open Market Committee today continued its course of raising its target for the federal funds rate by .25 percent, bringing it to 2 percent.
The move is the fourth hike in five months, beginning with a 25 basis point hike in June. That was the first time the Fed had raised the rate in four years, and the Fed appears poised for more rate hikes until it reaches what it considers a neutral monetary policy.
Mortgage rates have not followed suit yet, although they could be poised to rise soon.
more...
Premium Member account.
Premium Members have full access to all news archives & premium content.
Purchase Professional Membership for $199/year OR
Premium+ Membership for $149/year OR
News Membership for $69/year
All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.
