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FOMC Raises Federal Funds Rate 25 Basis Points to 2.25%
CNBC
| December 14, 2004
Posted on 12/14/2004 11:16:34 AM PST by RWR8189
In the fifth tightening of US monetary policy in as many meetings, Alan Greenspan and the Federal Open Market Committee (FOMC) raised the Federal Funds Rate target 25 basis points to 2.25%, as expected.
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TOPICS: Breaking News; Business/Economy; Government; News/Current Events
KEYWORDS: alangreenspan; bush43; fed; federalfunds; federalreserve; fedreserve; feds; ffr; fomc; frs; greenspan; greenspin; interest; interestrate; interestrates; monetary; monetarypolicy; ratehike; ratehikes; shorttermrates; thebusheconomy; tight; tightening; tightmoney
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1
posted on
12/14/2004 11:16:35 AM PST
by
RWR8189
To: RWR8189
To: Next_Time_NJ
Needed to control inflation.
3
posted on
12/14/2004 11:19:46 AM PST
by
IllumiNaughtyByNature
(Never underestimate the power of a cacophony of Cowbells played in unison...It shocks the mind.)
To: K4Harty
Inflation = hidden tax currently running at 20% per year.
4
posted on
12/14/2004 11:22:46 AM PST
by
nanak
(Tom Tancredo 2008:Last Hope to Save America)
To: RWR8189
What ?
The party's over ?
BUMP
5
posted on
12/14/2004 11:23:57 AM PST
by
tm22721
(In fac they)
To: RWR8189
Here's a question: What exactly IS a "basis point" anyway?
To: nanak
"Inflation = hidden tax currently running at 20% per year."Inflation is at or below 4%. It's so marginal that no one even cares about it any more.
7
posted on
12/14/2004 11:25:17 AM PST
by
Southack
(Media Bias means that Castro won't be punished for Cuban war crimes against Black Angolans in Africa)
To: Southack
8
posted on
12/14/2004 11:29:59 AM PST
by
nanak
(Tom Tancredo 2008:Last Hope to Save America)
To: nanak
shhh....Food and energy don't count. People hardly ever use those things anyway.
To: nanak
10
posted on
12/14/2004 11:35:41 AM PST
by
Southack
(Media Bias means that Castro won't be punished for Cuban war crimes against Black Angolans in Africa)
To: getsoutalive
See the link in post #10.
11
posted on
12/14/2004 11:36:45 AM PST
by
Southack
(Media Bias means that Castro won't be punished for Cuban war crimes against Black Angolans in Africa)
To: Southack
From January 2002 to December 2002, 2.15 X 12 = 24.60% GREAT!!!
12
posted on
12/14/2004 11:38:07 AM PST
by
nanak
(Tom Tancredo 2008:Last Hope to Save America)
To: Southack
...and I believe government's STATISTICS.
13
posted on
12/14/2004 11:38:43 AM PST
by
nanak
(Tom Tancredo 2008:Last Hope to Save America)
To: nanak
2.15 is the total year of inflation. Notice how the page says it measures it from beginning to end. Learn how to do math.
14
posted on
12/14/2004 11:40:56 AM PST
by
Bogey78O
(Kerry surrendered Florida faster than he surrendered the Mekong Delta)
To: nanak
Gas and milk adjusted for inflation stoo still while everything else rose. Adjusted for inflation it's just catching up.
15
posted on
12/14/2004 11:42:07 AM PST
by
Bogey78O
(Kerry surrendered Florida faster than he surrendered the Mekong Delta)
To: nanak
"From January 2002 to December 2002, 2.15 X 12 = 24.60% GREAT!!!"Oh dear child! You can't multiply the *annual* inflation rate by 12 to achieve any useful information.
16
posted on
12/14/2004 11:42:32 AM PST
by
Southack
(Media Bias means that Castro won't be punished for Cuban war crimes against Black Angolans in Africa)
To: RWR8189
OH MY GAWWWWWWWWWWWWWWWWWWWWWWWWWD! ;-)
17
posted on
12/14/2004 11:47:30 AM PST
by
Recovering_Democrat
(I'm so glad to no longer be associated with the Party of Dependence on Government!)
To: Bogey78O
18
posted on
12/14/2004 11:48:54 AM PST
by
nanak
(Tom Tancredo 2008:Last Hope to Save America)
To: nanak
Citing Crudele as a figure of authority?
Come on.
19
posted on
12/14/2004 11:50:55 AM PST
by
RWR8189
(Its Morning in America Again!)
To: RWR8189
Those with home equity lines will pay 0.25% more in interest from now.
20
posted on
12/14/2004 11:53:10 AM PST
by
soccer_linux_mozilla
(Economic growth through limited government and lower taxes!)
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