US rates in fifth rise
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THE US Federal Reserve has raised interest rates for the fifth time since June and signalled it was likely to keep pushing them higher at a &quot;measured&quot; pace in the new year.
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The Federal Reserve has raised US interest rates by a quarter-percentage point for the fifth time this year and said it will keep gradually lifting them from rock-bottom levels as the economy grows.
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Federal Reserve policymakers raised interest rates Tuesday for the fifth time this year and suggested they will continue their gradual rate-rising campaign in 2005.
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Prices paid by US consumers rose for a fourth straight month in November, supporting forecasts that Federal Reserve policy makers will keep raising interest rates.
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US consumer prices rose an as-expected 0.2 percent last month, a government report showed on Tuesday, but a sharp jump in lodging costs helped push core inflation up at its fastest pace in five months.
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Federal Reserve policy makers raised the benchmark US interest rate for a fourth straight time and restated a plan to carry out further increases at a ``measured&#39;&#39; pace.
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Washington - Casting aside fears about weak job creation and tepid holiday sales, the US appeared set to raise interest rates tomorrow for the fifth consecutive time.
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Bank of England policymakers are set to increase on Thursday British interest rates to 5.75 percent, a six-year high, as Britain&#39;s economy grows faster than expected, analysts said.
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The Federal Reserve pushed US interest rates up by a modest quarter-percentage point on Tuesday and expressed confidence that inflation could be kept at bay by slowly lifting credit costs from rock-bottom levels.
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By Andrew Balls in Washington and Jennifer Hughes in New York. The US Federal Reserve on Tuesday raised interest rates by a quarter point to 2.25 per cent and signalled there had been no change in its assessment of economic conditions.
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NEW YORK -- Mortgage rates have jumped this week, propelled higher by news of strengthening in the economy. Rates on 30-year fixed-rate mortgages are averaging 5.82 percent in the new survey from mortgage company Freddie Mac.
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Description: The Federal Reserve is raising interest rates for the fifth time since June. The quarter-point increase will put the federal funds rate at 2 1/4 percent.
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The American central bank, the Federal Reserve, Tuesday raised short-term interest rates for the fifth time in six months. Even with the quarter point increase short-term rates are a still-very-low 2.25 percent.
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The Bank of England is expected to raise interest rates to 5.75% at its monthly meeting this week.
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The U.S. Federal Reserve on  Wednesday raised interest rates for a sixth straight time,  extending a policy of gradually lifting borrowing costs to  levels high enough to ward off inflation pressures.
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Interest rates on US 30-year and 15-year mortgages rose in the latest week as an improving economy stoked fears of inflation, mortgage finance company Freddie Mac said on Thursday.
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By Tim Ahmann WASHINGTON  - Federal Reserve officials are expected to nudge interest rates up on Tuesday for a fifth time this year, another small step in a campaign to gradually lift borrowing costs before inflation rears its head.