The Federal Reserve, taking it in stride

Teissonniere, Georgianne Ocasto
December 2004
Caribbean Business;12/23/2004, Vol. 32 Issue 53, p9
The article comments on Caribbean Area's Federal Reserve's decision to hike the interest rate again in six months. The central bank's monetary-policy committee voted unanimously to raise the federal-funds rate a quarter percentage point to 2.25 percent. The decision to increase interest rates was an optimistic statement on the part of the Federal Reserve. Some analysts believed the committee might have issued a wider increment in order to offset the debilitation of the dollar. Investors are expecting the Fed will raise the funds rate by a quarter percentage point at each of the next four Federal Open Market Committee meetings.


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