Expect to see continued interest rate increases - 2005-08-15
How rapidly things can change. Seven weeks ago, before the June 30 announcement of the Fed's ninth interest rate hike, the consensus was that the Fed was working up to the end, or at least a break, in interest rate hikes.
Now the consensus is quite different, with market observers expecting three more quarter-point interest rate hikes by year-end. And talk of more rate hikes in 2006 is also being heard.
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