FOMC hikes rates 25 BPs

Matt Moss · #1 (**permalink**) 12-13-05, 02:43 PM

As predicted, the Federal Open Market Committee raised their target interest rates 25 basis points to 4.25%. The real news is the language they used to describe their intentions, which the market felt was insinuating that they were reaching the end of their rate hiking campiegn.

Discuss.

WallStGolfer31 · #2 (**permalink**) 12-13-05, 04:05 PM

1-2 more rate hikes, I wouldn't be surpised to see a 5% fed funds rate, but I think it's more likely to see a 4.5% o 4.75% after this. One things for sure though, After JAN 31st, all bets are off.

Matt Moss · #3 (**permalink**) 12-13-05, 06:09 PM

Quote:

Originally Posted by WallStGolfer31

One things for sure though, After JAN 31st, all bets are off.

Yeah, I totally agree.

Stocktrading101 · #4 (**permalink**) 12-13-05, 11:27 PM

what were the job release results?

FirstConsul · #5 (**permalink**) 12-14-05, 05:29 AM

Initial claims tomorrow. I don't think we'll see NFP this week.