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Article: Urgent: US Fed raises federal funds rate to 2.5 percent
- Article from:
- Xinhua News Agency
- Article date:
- February 2, 2005
CopyrightCopyright 2005 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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Urgent: US Fed raises federal funds rate to 2.5 percent
WASHINGTON, Feb. 2 (Xinhua) -- The US Federal Reserve decided
Wednesday to raise the federal funds rate, which commercial banks
charge each other on overnight loans, by another quarter point to 2.5
percent.
This is the sixth consecutive time since last June the ...