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March 22, 2005 Outcome of Today's FOMC Meeting |
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Summary Per the expectation of virtually everyone, the Federal Open Market Committee today announced its decision to increase the target rate on federal funds by 25 basis points, from 2.50% to 2.75%. Concurrently, the Federal Reserve Board of Governors announced a quarter-point increase in the Discount Rate, from 3.50% to 3.75%. As I expected, the post-meeting statement did contain some critical shifts, although they were subtle ones. http://www.gillespieresearch.com/cgi-bin/s/article/id=502
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Douglas R. Gillespie, Sr. Doug Gillespie oversees his own financial-market and economic consulting firm, Gillespie Research Associates. For a complimentary sample of Dougs material, e-mail him at drgillespiesr@aol.com. Copyright © 2004-2005 Gillespie Research Associates. All rights reserved. Image rendition and html coding Copyright © 2000-2009 SafeHaven.com ADVERTISEMENTS
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