Fed raises interests rates

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cycloneye
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Fed raises interests rates

#1 Postby cycloneye » Wed Nov 10, 2004 3:32 pm

News > Jobs & Economy



Fed raises rates again

Central bank boosts short-term rate another quarter-point; keeps 'measured' language intact.
November 10, 2004: 2:55 PM EST
Yuval Rosenberg, CNN/Money contributing writer



NEW YORK (CNN/Money) - The Federal Reserve raised its target for a key interest rate a quarter percentage point Wednesday, the fourth such hike this year, in a move that was widely expected.

What do this move means for your pocket?
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