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12 May 2006 US interest rates increase to five-year peak The US Federal Reserve has raised interest rates for the 16th time in a row, to a five-year high of 5%. Analysts had widely expected the Federal Open Market Committee to raise rates from 4.75% at its second meeting and indications are that the Fed might still need to raise rates further, even though it may not do so at its next meeting in June. Further information can be found by following the link below: Federal Reserve Rates
Economic Research Unit |
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