Interest Rate Hike Once Considered a Done Deal, Now up in the Air

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

Written by: Unknown Author –

http://www.insidearm.com/news/00021341-interest-rate-hike-once-considered-a-done/

For the first time in more than a year, Wall Street economists truly have no idea what Federal Reserve policy-makers will decide to do at their meeting next Tuesday.

Wall Street once considered a quarter-point rate hike to 3.75% as written in stone, as part of the steady “measured” pace of tightening underway since June 2004. But economists now see a strong possibility that the Fed will pause until it becomes clearer how much damage Hurricane Katrina will do to the national economy.

For this complete story, please visit Interest Rate Hike Once Considered a Done Deal, Now up in the Air.

Interest Rate Hike Once Considered a Done Deal, Now up in the Air

Unknown Author

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