Fed Raises Interest Rate a 5th Time, to 2.25 Percent
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The Federal Reserve said it will keep gradually lifting interest rates from rock-bottom levels to forestall inflation.
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The US Federal Reserve holds interest rates at 5.25% as evidence grows of a slowing economy.
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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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The US Federal Reserve leaves interest rates at 5.25%, saying it has concerns about inflation.
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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.
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The Federal Reserve has hiked benchmark interest rates by one-quarter of one percent for the fifth time this year. At the final scheduled meeting of the year the Federal Open Market Committee boosted the federal funds rate to 2.25 percent.
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The US Fed has done it again. Though the 25 basis points interest rate hike was largely on expected lines, unlike the previous two hikes of 25 basis points each in July and August respectively, there was some
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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 United States Federal Reserve is expected to raise the bellwether federal funds rate, which banks charge each other for overnight loans, by a quarter point to 2.25 per cent today.
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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 Federal Reserve raised short-term interest rates a quarter-point for the fourth time in five months Wednesday, extending its campaign to keep inflation in check after the economy showed impressive job growth over the past three months.
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The Federal Reserve on Wednesday  nudged U.S. interest rates up a quarter percentage point for  the fourth time this year, citing healthier job markets and  indicating it will press on with a rate-rise campaign.
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The US Federal Reserve raises US interest rates by a quarter of one percent to 2.5%, its sixth straight rise since June.
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The Federal Reserve raised short-term interest rates on Wednesday and signaled that it intends to keep raising rates in the months to come.
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NEW YORK - In a widely expected move, the Federal Reserve (search) Tuesday raised its target for the federal funds rate by 25 basis points to 1.75 percent, its third rate increase in a row.
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NEW YORK - In a widely expected move, the Federal Reserve (search) Wednesday raised its target for the federal funds rate by a quarter percentage point to 2 percent, citing brightening job markets that likely mean more increases lie ahead.
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The Federal Reserve raised official interest rates last month for the third time this year despite a mixed economic outlook. The rate increase took the benchmark federal funds rate to 1.75 percent from 1.50 percent.