Greenspan raises US rates
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ITH THE US economy moving ahead and the nation&#39;s payrolls picking up, Federal Reserve policymakers boosted short-term interest rates for a third time this year - the last chance to do so before the November Preseidential election in six weeks.
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The Federal Reserve raised the benchmark US interest rate Wednesday by a quarter of a percentage point to 2 percent, citing a stronger labor market with a gain of 337,000 US jobs last month.
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US interest rates are expected to rise for the fifth time since June following the US Federal Reserve&#39;s latest rate-setting meeting later on Tuesday.
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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 - 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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Federal Reserve policymakers today raised interest rates by another notch for the fifth consecutive time this year amid signs of a strengthening economy.
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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.
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When Federal Reserve Chairman Alan Greenspan kicked off his credit-tightening campaign on June 30, there was no question why he was raising interest rates.
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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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US stocks gained yesterday, after the Federal Reserve raised interest rates as expected, while it reassured investors that inflation was in check and indicated the economy was growing at a moderate pace.
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If you&#39;ve noticed that the price of everything from milk to gasoline to automobiles seems to be going up, you&#39;re as observant as Federal Reserve chairman Alan Greenspan.
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Federal Reserve chairman Alan Greenspan and his central bankers gave the national economy a vote of confidence yesterday and raised the key federal funds interest rate by a quarter-point.
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US interest rates are expected to rise by a quarter percentage point to 2.25% following a US Federal Reserve meeting later on Tuesday.
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The US economy has escaped a recent soft patch and seems to be picking up steam, Federal Reserve chief Alan Greenspan said on Wednesday in remarks economists saw as cementing a September rate rise.
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The US central bank raised a key interest rate one-quarter of a percent (to 2.25) Tuesday in a bid to fend off future inflation. It is the fifth time since June that Federal Reserve officials have
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The dollar crept up on Wednesday,  although it stayed under pressure after the Federal Reserve  raised interest rates as expected but raised doubts about its  next move.  The policy-setting Federal Open Market Committee  raised rates by a quarter percentage point to 1.75 percent,  adding to similar increases in June and August.
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WASHINGTON - The US Federal Reserve Board late yesterday boosted short-term interest rates for the fifth time in a row, warning of higher rates next year as it abandons easy money to head off inflation.