Fed is meeting today and expected to raise interest rate by .25pt. Does this .25 pt. really makes much difference to the economy? I’m not an economist but if Fed’s intent is to raise the rate before Katrina, then I think it should because the amount of money coming in to rebuild the disaster area should be very sizable and that would stimulate the economy not just the local scale, but national. From inflation and housing bubble perspective, it is also best to continue to raise rate.

This entry was posted on Tuesday, September 20th, 2005 at 8:33 am and is filed under Stock Market. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.