The U.S. Federal Reserve is expected to raise short-term interest rates again for the 13th time since June 2004 at Tuesday's meeting of the board. This will jack the new rate up to 4.25 percent. Economists disagree on what will happen after this rate hike. “There is short-term certainty and medium-term mystery for the Fed,� said Carl Tannenbaum, chief economist at LaSalle Bank. The Fed could continue raising rates up to 5%. It's not clear if the Fed will continue its credit-tightening after Alan Greenspan is gone. Source:
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