BushRocks
09-20-2006, 05:17 PM
The Fed decided to leave interest rates uchanged today. Home Mortgage rates have also dropped for the first time in 13 months. Both these are signs that our economy is in strong shape.
FOXNews.com (http://www.foxnews.com/story/0,2933,214733,00.html)
WASHINGTON — The Federal Reserve left a key interest rate unchanged Wednesday as slipping oil prices in recent months have helped to ease inflationary pressures in the U.S. economy.
Federal Reserve Chairman Ben Bernanke and his colleagues issued a brief announcement saying they would leave the federal funds rate, the interest that banks charge each other, at 5.25 percent.
Financial markets had widely expected the decision, given recent favorable developments on inflation.
The DJIA was up 72.28 points today to 11,613.19, inching the Dow to its all-time high of 11,750.
FOXNews.com (http://www.foxnews.com/story/0,2933,214733,00.html)
WASHINGTON — The Federal Reserve left a key interest rate unchanged Wednesday as slipping oil prices in recent months have helped to ease inflationary pressures in the U.S. economy.
Federal Reserve Chairman Ben Bernanke and his colleagues issued a brief announcement saying they would leave the federal funds rate, the interest that banks charge each other, at 5.25 percent.
Financial markets had widely expected the decision, given recent favorable developments on inflation.
The DJIA was up 72.28 points today to 11,613.19, inching the Dow to its all-time high of 11,750.