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Fed Signals Next Move Will be a Hike in Rates, But Timing Remains Uncertain
The next move from the U.S. Federal Reserve will be to increase the Federal Funds rate, although the timing of that hike remains to be decided.
“A number of participants worried about the possibility that core inflation might fail to moderate next year unless the stance of monetary policy was tightened sooner than currently anticipated by financial markets,†according to the minutes of the Federal Open Market Committee’s Aug. 5 meeting released yesterday (Tuesday).
The FOMC voted to slash interest rates seven times from 5.25% last September, before voting to hold steady at the current 2.0% rate at the last two…
27Aug2008 | Money Morning | 1 comment | ContinuedGlobal Investing Roundups
Southwest Feels the Love; Minimum Wage Bump; Qualcomm and Nokia Accord; Fertilizer Firm Reaps Rewards; Unemployment Claims Mount; Ford’s Worst Quarter in History; Dow Unable to Recoup Losses; Gaming Taking Off in Macau
Southwest Airlines Co. (LUV) yesterday (Thursday) announced that second-quarter revenue increased 15% due to the advance purchase of fuel contracts, Bloomberg News reported. Second quarter earnings increased to $321 million or 44 cents per share for the Dallas-based air carrier. Even without the boost from fuel hedging, Southwest would have earned $121 million or 16 cents per share, beating analyst expectations.
The national minimum wage in the United States increased yesterday…
25Jul2008 | Money Morning | Comments Off | Continued
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