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Greenspan Sees His Shadow, Fed Raises Rates

Fed Raises Rates One-Quarter Percent on Groundhog Day
By Tim Trainor
CoStar News
February 3, 2005 | 11:20 P.M.

As most investors expected, the Federal Reserve on Wednesday raised its key federal funds interest rate by a quarter-percentage point, meeting its well-prepared market expectations that it would continue tightening monetary policy at a "measured" pace.

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