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Fed Funds Up

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The Federal Reserve raised the “target for the federal funds rate” to 2.5% up 25 basis points (0.25 percentage points). Their statement shows that their decision is based on the idea that inflation is “realitvely low.”

I expect the interest rate on my savings account will follow suit, especially since the competition has leapfrogged in the last month.

Published or updated February 2, 2005. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @flexo on Twitter and visit our Facebook page for more updates.

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About the author

Luke Landes, also known as Flexo, is the founder of Consumerism Commentary. He 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 Luke Landes on Twitter. View all articles by .

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