Fed boosts key interest rate, again 

Posted: 1:00 am Tue, August 9, 2005
By admin

The Federal Reserve yesterday boosted a key interest rate for a 10th time and signaled that more rate hikes were likely as the central bank keeps pushing borrowing costs higher to contain inflation.The action pushed the Fed’s target for the federal funds rate up to 3.5 percent, the highest level in almost four years.The move ...