Key US interest rate hits five-year high

The US Federal Reserve today raised a key interest rate to the highest level in more than five years.

Key US interest rate hits five-year high
Wed, 10 May, 2006 - 22:19

The US Federal Reserve today raised a key interest rate to the highest level in more than five years.

The Fed boosted its target for the federal funds rate to 5 % but signalled that it may take a pause to assess the impact of its string of rate hikes.

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