Fed Seen Raising U.S. Rates, May Signal Change Ahead

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

Written by: Unknown Author –

http://www.insidearm.com/news/00016665-fed-seen-raising-us-rates-may-signal-chan/

By Glenn Somerville, Reuters

There will be no surprise when the U.S. Federal Reserve raises interest rates for a 13th straight time on Tuesday but eyebrows might be raised if it changes how it signals what it intends to do going forward.

With Alan Greenspan’s tenure as Fed chairman ticking away, financial markets are trying to gauge whether Federal Open Market Committee members are ready to alter language in the statement they issue along with their decision.

For this complete story, please visit Fed Seen Raising U.S. Rates, May Signal Change Ahead.