Back to Search
Start Over
The Outlook for a New Era of No Longer Cheap Money.
- Source :
-
New York Times . 6/28/2004, Vol. 153 Issue 52894, pC1-C8. 0p. 1 Color Photograph, 1 Black and White Photograph, 3 Graphs. - Publication Year :
- 2004
-
Abstract
- Reports that the Federal Reserve Board is poised to raise its benchmark rate by a quarter of a point to 1.25 percent, up from a 46-year low, and to continue the increases for months on end. Likelihood that rates will remain low, compared with almost any period expect the last few years; Creation of a new economic dynamic; Exposure of hidden problems by raising rates; Potential for investors to flee riskier investments in favor of safe ones that will now bring a higher return; Impact on adjustable rate mortgages and cash flow.
Details
- Language :
- English
- ISSN :
- 03624331
- Volume :
- 153
- Issue :
- 52894
- Database :
- Academic Search Index
- Journal :
- New York Times
- Publication Type :
- News
- Accession number :
- 13571615