Expect a .25% interest rate hike to be announced tommorrow.

 

http://money.cnn.com/2004/06/25/news/econo...dex.htm?cnn=yes

On a side note, for the people who have no idea, this is a great info piece on the federal reserve board of trustees.

 

http://www.usatoday.com/money/economy/fed/...6-27-fomc_x.htm

I'm guessin this will probably hav a negative effect on our Aussie Dollar.

They oughta just get it over with and raise it a half a point.

They oughta just get it over with and raise it a half a point.

Nah, Fed funds are pricing in about 4 quarter point increases through the fall.

They oughta just get it over with and raise it a half a point.

Hell no. We are locking in a mortgage rate in two weeks, so we're a .25 increase too late.

25 basis point increase by the fed. First interest rate raise in 4 years.