Breaking: Fed Raises Key Interest Rate
Thursday, June 29th, 2006
This just in: the Federal Reserve Board just raised the federal funds rate to 5.25 percent. This is the 17th consecutive rate hike, and the rate now stands at its highest level in more than five years.
Meanwhile, while Fed chair Ben Bernanke has fun raising interest rates, his predecessor Alan Greenspan has to suffer through jury duty. The full story, after the jump.
This just in: the Federal Reserve Board just raised the federal funds rate to 5.25 percent. This is the 17th consecutive rate hike, and the rate now stands at its highest level in more than five years.
Meanwhile, while Fed chair Ben Bernanke has fun raising interest rates, his predecessor Alan Greenspan has to suffer through jury duty. The full story, after the jump.





