TITLE

Fed delivers seventh quarter-point interest rate increase

PUB. DATE
April 2005
SOURCE
Long Island Business News (7/1993 to 5/2009);4/1/2005, Vol. 52 Issue 14, p10B
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
Reports on the U.S. Federal Reserve's decision to increase the federal funds interest rate up by a quarter-point to 2.75 percent in April 2005 as the agency continued its campaign to gradually nudge rates high enough to make sure that a rebounding economy does not trigger unwanted inflation. Number of times that the central bank has pushed rates higher since it started its credit tightening campaign in June 2004; Significance of the Fed's action for consumers and businesses. Americans
ACCESSION #
16726324

 

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