Fed Set To Hike Interest Rates For 15th Straight Time

[OhioChick]

WASHINGTON -- Federal Reserve interest-rate setters opened their first meeting on Monday with a new chairman.

Ben Bernanke assumes the position held by Alan Greenspan for 18 years as the Federal Open Market Committee began a two-day session.

It's pretty much a given on Wall Street that the central bank will raise the federal funds rate for the 15th straight time when it concludes its meeting on Tuesday.

Of prime interest is the statement accompanying the decision, which analysts will search for clues about the Fed's intentions at a meeting later this year.

http://www.newsnet5.com/station/8295432/detail.html

[AndyTiedye]

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