Wednesday, July 19, 2006

Federal Reserve Nearing The End Of It's Economy Nature Trail Hike...

Federal Reserve chairman Ben Bernanke hinted that they may be nearing the end of the long interest rate hike. The federal fund rate was rasied .25% last month to 5.25%, making it the 17th consecutive hike since the end of June 2004. Mr. Bernanke says "The economy was likely to slow and this should ease inflation pressures." They also mention that a weaker housing market supported the case for the fed to back off it's rate tightening.

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