2006-06-28 10:05:23 · 3 answers · asked by Dan 3 in Politics & Government ➔ Other - Politics & Government
.25, because .5 would be too much, and it would be too high a risk to economic growth in a situation where they may be pushing the limit already.
2006-06-28 10:09:47 · answer #1 · answered by freespiritpassingthrough 4 · 1⤊ 0⤋
It's not .25 or .5. The rate rose to 5% which isn't a bad rate at all. When it gets to 8%, then it gets a little bad. It's good that they rose the rates because our economy is in full swing, but we don't want to fly over the bar and hurt ourselves. This is our way of controlling inflation rates.
2006-06-28 17:17:50 · answer #2 · answered by trancevanbuuren 3 · 0⤊ 0⤋
If it's "One and Done", a raise to 5.5% and a fed announcement that they are through raising rates, markets would take off, interest rates on mortgages would drop, and the economy would surge, IMO. That's what I'm hoping for.
2006-06-28 17:21:09 · answer #3 · answered by Padrefan 3 · 0⤊ 0⤋