Commentary: New Fed will Need Guts to Keep Raising Rates

Published on:
12 September 2006 at 10:20 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00000847-commentary-new-fed-will-need-guts-to-keep/

By Tomi Kilgore, MarketWatch

After one-and-a-half years and 13 interest rate hikes, the Federal Reserve has finally made it to neutral ground, but that’s still not enough.

And that’s what’s scary about the Fed’s last statement.

When the Fed raised overnight rates to 4.25% on Tuesday, the word “accommodative” was removed from the policy statement, which indicates that the level of rates is no longer helping the economy grow.

For this complete story, please visit Commentary: New Fed will Need Guts to Keep Raising Rates.

Commentary: New Fed will Need Guts to Keep Raising Rates

Unknown Author

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