Fed sees inflation as bigger threat than a slowdown

Article Abstract:

The United States Federal Reserve Board is planning to raise interest rates to counteract a rise in inflation and says the inflation rate is a greater concern than the slowing economy. Inflation has hit a seven year high of 2.2 percent and the Federal Reserve Board is likely to raise the short-term interest rate to three percent form 2.75 percent.

Economic Programs, Administration of Economic Programs

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Fed raises rates, signals additional increases to come

Article Abstract:

The United States Federal Reserve Board has raised interest rates from 3.75 percent to four percent. Interest rates are forecast to continue to rise to slow the economy with concerns for inflation. Despite major storm damage from Hurricanes Katrina and Rita, the United States economy grew 3.8 percent in the third quarter, an optimistic outlook.

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Fed keeps focus on inflation and raises rate

Article Abstract:

The United States Federal Reserve Board raised interest rates from 3.5 percent to 3.75 percent. The impact of Hurricane Katrina on inflation is being considered more important than its effect on economic growth. This is the eleventh consecutive raising of interest rates by the United States Federal Reserve Board.

Hurricane Katrina, 2005

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