71. Last week, the Fed reversed course and lowered the overnight bank lending rate in an attempt to avoid pushing the economy into recession. 72. Moreover, inflation hawks still dominate the Federal Reserve Board, which tends to raise the overnight bank lending rate to keep growth from triggering increased inflation. 73. Most economists expect the panel will refrain from increasing the overnight bank lending rate. 74. Most economists expect the panel will refrain from raising the overnight bank lending rate. 75. Once again, Greenspan said the Fed is poised to raise the overnight bank lending rate to slow the economy before accelerating inflation becomes a clear threat. 76. On the inflation front, restrained consumer prices are the intended result of a round of Fed increases in the federal funds rate on overnight bank loans. 77. On Tuesday, the Federal Reserve will likely push the federal funds rate on overnight bank loans down one-quarter percentage point, he said. 78. Rates drop in the next six months now that the Fed has cut the overnight bank lending rate, leading to lower bank prime rates. 79. Restrained consumer prices are the intended result of a round of Federal Reserve increases in the federal funds rate on overnight bank loans. 80. Shorter-term Treasury notes react more quickly than bonds to the overnight bank borrowing rates controlled by the Fed. |