Half A Point Anyone?

Reuters (03.21.05):

"The Federal Reserve is widely expected to nudge U.S. interest rates up a seventh straight time on Tuesday, but financial markets are wondering whether the central bank may prepare larger moves to muzzle inflation. The policy-making Federal Open Market Committee is expected at about 2:15 p.m. EST to announce another quarter-percentage point rise in the bellwether federal funds rate -- to 2.75 percent." Fed Expected to Raise Rates

Reuters (03.21.05):

"Big gains in food and energy costs pushed U.S. producer prices up a sharp 0.4 percent last month, but other prices remained largely in check as vehicle prices slumped, a government report showed on Tuesday. While the advance in the overall PPI was a touch ahead of the 0.3 percent rise expected on Wall Street, the core rate matched forecasts. Overall, the report did nothing to further fan inflation worries as Federal Reserve officials gathered to discuss interest rates." Energy Costs Lead Producer Prices Higher

Naw.