The U.S. central bank raised its key federal funds rate by a quarter percentage point to a five-year high of 5.25 percent, as expected, on Thursday but dropped a phrase from its previous outlook statement that further policy firming may yet be needed. So it seems that the Fed may feel it’s done enough...
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Well, it was like waking up on Christmas day and finding all the presents you’d asked for downstairs. Nice but … well .. quite dull. So Ben Bernanke and his crew at the Fed decided to raise rates by 25 points, not nice for borrowers, but no real surprise. We expect that the market...
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Surely, please, the next announcement from Microsoft will be that finally, yes finally they’ve released something – anything – on time. This afternoon Microsoft announced it was to delay yet another key product – Office 2007. Microsoft said it will now aim for a launch of Office 2007 to business customers by the end...
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