NewsMine — economy — united-states — 2005 — 2005-apr-july — Viewing Item

Fed raises key rate on inflation fears { May 3 2005 } Original Source Link: (May no longer be active)    http://nytimes.com/2005/05/03/business/03cnd-fed.html http://nytimes.com/2005/05/03/business/03cnd-fed.html May 3, 2005 Fed Raises a Key Rate by a Quarter Point, as Expected By REUTERS WASHINGTON (Reuters) - The U.S. Federal Reserve nudged interest rates up Tuesday for an eighth straight time, nodding to mounting inflation pressures but still confident it can contain them with "measured" increases. The U.S. central bank's policy-setting Federal Open Market Committee unanimously voted to lift the benchmark federal funds rate -- which affects credit costs throughout the economy -- by a quarter-percentage point to 3 percent, as expected. Significantly, policy-makers repeated their expectation that policy stimulus can be removed at a gradual, or "measured," pace -- wording generally taken to mean a diet of smaller, quarter-point hikes rather than bigger ones. The Fed has indicated its concern about rising prices as the economic expansion matures, apparently a worry acute enough to override some recent signs that growth may be flagging and to keep interest rates on an upward trajectory. Copyright 2005 The New York Times Company

120 thousand united airline employees lose pensions { May 11 2005 } American obesity sending health costs soaring Consumer prices rise greater than expected Dow has biggest 2 day drop in two years Durable goods orders fall by most in 2 years Economy drags heels and inflations fears rise { April 29 2005 } Fed raises key rate on inflation fears { May 3 2005 } Fed raises rates to 3 and half as measured plan Fed says inflation pressures could be intesnifying { April 12 2005 } General motors shifts engineer positions to brazil { June 29 2005 } General motors to cut 25 thousand jobs { June 8 2005 } Greenspan says fed will keep raising rates Greenspan will keep raising rates he says Housing prices loom as concern { July 20 2005 } Huggies cuts six thousand jobs Industry squeezed by soaring energy prices { June 26 2005 } Kodak lays off 10 thousand workers { July 20 2005 } London blasts help dollar and stock gains Manufacturing slow down boosted stocks they say Manufacturing weakest since 2003 { June 1 2005 } Massachusetts homes sales plunge 11 percent { June 24 2005 } Real wages falling at fastest rate in 14 years { May 10 2005 } Sales of homes hit record as prices soar { May 24 2005 } Snow says oil prices hurting economy { June 28 2005 } States costs soar under drivers license law Stocks continue april decline hitting 2005 lows Stocks fall amid oil price worries { June 21 2005 } Stocks head lower on surging oil Stocks rise on jump in oil prices { June 17 2005 } Student loan interest will double Trade deficit unexpectedly shrank to 55b Trade gap widens more than expected US stocks fall as IBM earnings drag tech shares down US tourism losing billions because of image { May 8 2005 } Wages lagging behind inflation { April 11 2005 } Weak consumer spending damps speculation of quickening inflation Files Listed: 36

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