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Meanwhile, Interest Rate futures show traders expect a 0.25% point rate cuts at the Fed's next two monetary policy meetings on October 31 and December 11.

Bad Consolidation Credit Debt (AXcess News) Washington - The US Central Bank stuck to its plans of raising short-term interest rates despite the natural disaster that struck the Gulf Coast states from Hurricane Katrina.

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Bad Company Credit Repair The meeting Tuesday of the Federal Reserve Monetary Policy Committee marked the 11th time the US Central Bank has raised short-term interest rates.

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Bad Card Credit Credit Foreign news organization, Reuters, had polled economists ahead of the Fed's committee meeting saying the consensus was mixed but pushed hype on it anyway which did little to rattle currency traders who dumped Euros yesterday in favor of the dollar.

The same sentiment is shared by the Swiss National Bank who raised interest rates by 25bp yesterday, bringing the mid point of their target range to 2.5 percent.

Bad Car Credit Loan Short term interest rates now stand at 3.75 percent.

Forecasting measured rate increases, the Fed has raised the fed fund rate six consecutive times to 2.5 percent so far with investors expecting it to continue nudging the fed fund rate another quarter point when the Fed's policy panel meets this week.

Bad Credit Loan Mortgage The Fed had said that inflationary actions from the high price of oil and over-anxious bankers offering "creative mortgages" were reason enough to warrant raising the Fed rate.

Auto Bad Credit Loan AXcess News reported yesterday that Governor Olsen, a Fed Committee member, had told bankers earlier that the Central Bank had concerns over these issues and was not daunted by Hurricane Katrina's affects on its ability to service banks in the four-state area where Hurricane Katrina had struck.

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