Fed Raises Interest Rates by 1/4 Point
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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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By Andrew Balls in Washington and Jennifer Hughes in New York. The 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 current economic conditions.
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The U.S. Federal Reserve on Tuesday  raised interest rates for the third time this year by a quarter  of a percentage point and said the economy was regaining some  momentum after a slow period.
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WASHINGTON - The US Federal Reserve, as expected, boosted its key interest rate on Tuesday for the third time in three months as it tries to stay one step ahead of inflation by gradually raising rates from 42-year lows.
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WASHINGTON - The US Federal Reserve on Wendesday raised interest rates by a quarter of percentage point to 2 per cent, a move that was widely predicted by economists.
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The Federal Reserve raised US interest rates on December 14, 2004 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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NEW YORK, September 21  - The US Federal Reserve raised the interest rates by a quarter percentage point today, in-line with the broad expectations.
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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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Federal Reserve officials raised a key short-term interest rate today and indicated they will continue lifting rates gradually this year to keep inflation in check as the economy grows.
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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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The European Central Bank raised its key interest rate a quarter point to 3.75 percent Thursday and set the stage for another hike, in a move aimed at keeping inflation contained amid strong economic growth.
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The Federal Reserve is expected to nudge interest rates up today for a fourth time this year, acting on the belief that the economy has finally emerged from an extended &#39;&#39;soft patch.
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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 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 Federal Reserve boosted a key short-term interest rate by one-quarter percentage point Wednesday. Citing an improving economy and well-contained inflation, it said further increases would be gradual.
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The Federal Reserve yesterday boosted its key interest rate for the sixth time since June, which will lead to higher charges on credit cards, home equity lines of credit, and other short-term loans, but not necessarily higher interest payments for savings and money market accounts.
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The rate of inflation rose in August for the fourth successive month as this year&#39;s series of interest rate rises drove up the cost of buying a house.