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Feds Raise Rates Again, Again, Again…

For the 14th straight time (the longest run in 25 years), the Federal Reserve has raised the federal funds rate to 4-1/2%. This was the final meeting chaired by Alan Greenspan.

Will Greenspan’s replacement Ben Bernake continue to raise rates? The next meeting is March 28th.

You can read more from the Federal Reserve press release.

Gus Moore heads up Miami Beach 411 as site administrator. You can reach him at 1-305-754-2206.

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