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September 17, 2004

Sunny Fed leaves no doubt about another rate increase

Another Fed meeting looms with another quarter-point interest rate hike virtually assured. It may seem strange that the Fed continues to raise interest rates on the heels of a summer-long economic soft patch. However, the course has been set for recent Fed interest rate moves, and as far as the Sept. 21 meeting is concerned, the Fed has left little room for deviation from the current course.

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Posted by Tom Troceen