Market Firms as FOMC Raises Funds Rate

Scarchilli, Michael
June 2006
Bond Buyer;6/30/2006, Vol. 356 Issue 32414, p2
Trade Publication
The article reports that the Federal Open Market Committee has increased the federal funds rate by 25 basis points in the U.S. The federal fund rates stands at 5.25 percent and the increase was the 17th straight time since June 2004. The article also mentions about the impact of the increase of the federal fund rates on the municipal bonds.


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