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Fed prepares to raise rates after recovery strengthens
The Federal Reserve signals a quarter-point rate hike as the economy and jobs improve, with Greenspan and peers moving toward tighter policy. Markets anticipate higher funds and prime rates, while inflation remains subdued yet rising core prices. Economists say the move won’t derail growth, but aims to temper inflation.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Fed
Alan Greenspan
Wall Street
Main Street
Stuart Hoffman
PNC Financial Services Group
Bush
John Kerry
Greenspan