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Tuesday, March 28, 2006

Fed Raises Again - No Surprise

The Federal Reserve raised the overnight rate to 4.75%, the 15th straight 1/4 point increase. My guess is that Bernanke goes for three more and stops at 5.50%.

Maybe Dems have another talking point in this year's coming elections: "Sure, the economy is good, but how long can it last with dangerous rising interest rates?"