Tuesday, March 28, 2006

Fed is nothing if not consistent

So you've heard: The Federal Reserve upped interest rates by a quarter-point for the 15th consecutive time, to 4.75%. Not unexpected, but apparently not welcome, either, as all 30 DOW components dropped into the red today, according to MarketWatch.

Just so no one's caught unawares, the Fed has apparently signaled that it's not done raising rates.
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