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Bulletin: Fed Raises Rates to 5%

by Flexo on May 10, 2006

in Economy

BernankeAs expected, Ben Bernanke and the Federal Reserve Board raised the target for the federal funds rate to 5 percent. Here is the full statement.

I hope we’ll see some increases in savings account interest rates, but the climb is slow compared to the free-fall when the rates move in opposite directions.

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Flexo, the owner and creator of Consumerism Commentary, has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about him and follow him on Twitter.

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