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IPFS News Link • Economy - Economics USA

Fed Boosts Interest Rate 1/4 point to 4%

11-02-2005 • Associated Press

Fed Chairman Alan Greenspan and his colleagues voted unanimously to boost the rate banks charge each other by a quarter-point, to 4 percent. It was the 12th increase of that size since the Fed began tightening credit in June 2004.

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Reported By Powell Gammill

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