.comment-link {margin-left:.6em;}

Prime Rate

also known as the Fed, National, U.S. and WSJ Prime Rate

Thursday, January 26, 2006

A Strong Durable Goods Orders Report Increases The Likelihood That The Fed Will Raises Rates In March

Most economists are predicting that The Fed will raise their Fed Funds Target Rate when the FOMC meets next week, but there is still some uncertainty about what The FOMC will do when they meet at the end of March.

According to today's Durable Goods Orders (DGO) report (released by The Commerce Department) for December, 2005, DGO increased by 1.3%, an increase that may convince The Fed that the economy needs some cooling-off, which may translate to another 25 basis point increase to The Fed Funds Rate on March 28, 2006.



Post a Comment

Links to this post:

Create a Link

<< Home

Zero Percent Intro APR Balance Transfer Credit Cards

Entire WebLog (Blog) © 2010 American CyberSpace®

This website is not owned by or affiliated with The Wall Street Journal® or Dow Jones & Company.
Information in this website is provided for educational purposes only. The Prime Rate probabilities
and predictions posted in this blog are not financial recommendations or professional advice, and
should not be interpreted as such. The owners of this website make no warranties with respect to any
and all content contained within this website. Consult a financial professional before making important
decisions related to any investment or loan product, including, but not limited to, business loans,
personal loans, education loans, first or second mortgages, credit cards and car loans.