Fed Raises Interest Rate to 2.25 Percent
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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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The Federal Reserve lifted short-term interest rates a quarter-point on Tuesday, continuing its bet that the economy can keep growing steadily through the Fed&#39;s rate-hike campaign.
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The Federal Reserve raised U.S. interest rates on Tuesday by a quarter-percentage point for the fifth time this year and said it will keep gradually lifting them from rock-bottom levels to forestall inflation.
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The Federal Reserve is expected to  lift interest rates again this week to 5.25 percent in its  seventeenth straight quarter percentage point hike and signal  that further increases may be needed to keep inflation at bay.
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The US Federal Reserve is widely expected to keep interest rates at their current level of 5.25% on Thursday.
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As expected, the central bank raised the federal funds rate on overnight loans by a quarter point, to 2.25 percent.
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The Federal Reserve raised U.S.  interest rates on Tuesday 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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Observers widely expect the U.S.  Federal Reserve to raise U.S. interest rates by a  quarter-percentage point at the conclusion of a two-day meeting  that opens on Tuesday as the U.S. economy is growing steadily.
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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 Bank of England's nine-member monetary policy committee voted unanimously to raise interest rates by 25 basis points to 4.75 percent earlier this month, official records showed.
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: Federal Reserve officials are set to jack up interest rates on Tuesday for a fifth time this year, confident the US expansion is self-supporting and no longer in need of rock-bottom borrowing costs for a boost.
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The US Federal Reserve raised interest rates on Tuesday by a quarter percentage point as expected, the third straight rise in a bid to keep a lid on inflation pressures despite some signs of economic softness.
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The Federal Reserve yesterday raised its key interest rate for the fifth time since June, signaling that it expects the economy to grow moderately and interest rates to rise gradually in the new year.
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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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The Bank of Canada raised its overnight  interest rate a quarter percentage point on Tuesday to 2.50  percent as expected, and made clear it would keep raising rates  even as it lowered its forecast for Canadian growth.
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Citing a risk of higher inflation, the European Central Bank raised its interest rate to 3.25 percent.
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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.