Bernanke's Big Day!

Bernanke's big day! The Federal Reserve, as expected, raised the Fed Funds rate 25 basis points to 5.25% this afternoon. This was the 17th consecutive 25 basis point increase in the past two years. However, in the statement released after the announcement, the Fed appears to be keeping their options open for further rate increases, leaving some hope that the Fed may be finished raising rates if the out look for inflation moderates. This is construed from the following sentence: Read More....