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Wednesday, February 02, 2005

Yahoo! News - Fed Raises Rates for Sixth Time

Yahoo! News - Fed Raises Rates for Sixth Time



As you see from the graphic our interest rates have gone up yet again. If you look at the chart from the months of 12/11/01 to 6/30/04 the rates were going down in an effort to rejump the economy. As you see the going down was rather slow, but at a certain point in 2004 the Fed realized... 'Uh Oh... its not working, we have to fix it and put it where it really needs to be. ' So, for the past 6 rate changes they have gone up.

Enjoy.

zorro

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