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Razorguns
Well-known member
Ha ha!
Wonder what this'll do to those lovely house prices now.
http://money.canoe.ca/News/Economy/2005/06/30/1112259-ap.html
WASHINGTON (AP) - The U.S. Federal Reserve boosted a key interest rate for a 10th straight time Tuesday and signalled that more rate hikes were likely to prevent a rebounding economy from stoking unwanted inflation.
The action pushed the Fed's target for the federal funds rate up to 3.5 per cent, the highest level in almost four years.
The move was certain to be followed by an announcement by commercial banks that they were increasing their prime rate, the benchmark for millions of consumer and business loans, by a similar quarter-point.
....
Wonder what this'll do to those lovely house prices now.
http://money.canoe.ca/News/Economy/2005/06/30/1112259-ap.html
WASHINGTON (AP) - The U.S. Federal Reserve boosted a key interest rate for a 10th straight time Tuesday and signalled that more rate hikes were likely to prevent a rebounding economy from stoking unwanted inflation.
The action pushed the Fed's target for the federal funds rate up to 3.5 per cent, the highest level in almost four years.
The move was certain to be followed by an announcement by commercial banks that they were increasing their prime rate, the benchmark for millions of consumer and business loans, by a similar quarter-point.
....
