Good economy evidence: Fed raising rates
- Tuesday, August 09 2005 @ 06:53 AM CST
- Contributed by: filbert
- Views: 1,353
Federal Reserve Board set to raise interest rates again in response to the growing economy.
"The economy remains very solid and it appears likely to expand at a pace of 4-1/2 percent to 5 percent in the second half of the year," said Lynn Reaser, chief economist at Banc of America Capital Management in Boston.