Latest Excess reserves Stories

2008-11-18 10:40:31


2005-09-20 13:25:48

WASHINGTON (Reuters) - The Federal Reserve raised U.S. interest rates on Tuesday for an 11th straight time, saying Hurricane Katrina will provide only a temporary setback to the broad economy. But one policy-maker dissented from the rate-rise vote, saying he preferred to hold rates steady.

Word of the Day
  • A poem in which the author retracts something said in an earlier poem.
The word 'palinode' comes from Greek roots meaning 'again' and 'song'.