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  • Fed Rate Hike Unclear

    By Staff -- Purchasing, 9/13/2007 6:00:00 AM

    Market watchers say the uncertainty the Federal Reserve feels over the credit crunch's toll on U.S. growth makes it unlikely the Fed will cut interest rates before its Sept. 18 meeting. The Fed has left the benchmark federal funds interest rate unchanged at 5.25% since June 2006, but some companies are eager for a rate cut. "They ought to cut it a couple quarter points to see if they can get things stable and headed back in the right direction," said Bruce Hertzke, CEO of Winnebago Industries in a recent news report.

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