Fed to Raise Rates Again as Greenspan Era Ends

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

Written by: Unknown Author –

http://www.insidearm.com/news/00009917-fed-to-raise-rates-again-as-greenspan-era/

By Alister Bull, Reuters

Fed Chairman Alan Greenspan will end his 18-year rule on Tuesday with a rate hike of a quarter percentage point and the message that borrowing costs may go up again in March if warranted by growth and inflation.

Disappointing fourth quarter U.S. gross domestic product numbers on Friday should not shake Federal Reserve confidence the economy is on a reasonably solid footing, analysts said.

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