Fed to Stay with Measured U.S. Rate Hikes

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

Written by: Unknown Author –

http://www.insidearm.com/news/00003638-fed-to-stay-with-measured-us-rate-hikes/

By Alister Bull, Reuters

The U.S. Federal Reserve is expected to hike interest rates by a quarter percentage point to 4.0 percent when it holds its policy-setting meeting on Tuesday, and give no signal the campaign to tighten monetary policy is nearing an end.

The Federal Open Market Committee (FOMC) will issue its interest rates decision after 1415 EST/1915 GMT at the end of the meeting, which will be the third from final gathering chaired by Alan Greenspan, who retires on Jan. 31.

President George W. Bush on Monday named Ben Bernanke as the next Fed chairman, subject to confirmation by Congress. Economists see the transition as another good reason to expect the U.S. central bank to remain on the inflation offensive.

For this complete story, please visit Fed to Stay with Measured U.S. Rate Hikes.

Fed to Stay with Measured U.S. Rate Hikes

Unknown Author

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