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Old 03-28-2006, 12:26 PM
coffeebreak coffeebreak is offline
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Default Fed raises rates to 4.75%

The Federal Open Market Committee raised the funds rate to 4.75% today:
http://www.federalreserve.gov/fomc/fundsrate.htm

Some believe that there will be one more increase in May to 5% then nothing for the rest of the year.
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