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(ForeignMarketWatch.com)
On Wednesday the Federal Open Market Committee increased the federal funds rate by 25 basis points to 4.25 percent; the greatest level since April 2001. Nevertheless, the FOMC suggested that it may be nearing the end of its continued rate increases. To keep inflation under control, the Federal Reserve may raise the rate by one more quarter-point in the near future.
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Original post by Forex Signals System and software by Elliott Back
(ForeignMarketWatch.com)
Interest rates may cease their gradual increase in the near future as the Federal Reserve changes course in 2006. The boost in rates has been considered by some to be the source of support for the greenback in the end of 2005. Easing in monetary policy may provide more support for the euro come the increase in rates by the ECB.
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Original post by Forex Signals System and software by Elliott Back