Fed raises again Central bank boosts fed funds rate to 2.25 but after 5 hikes in this year what #39;s in store for  #39;05? NEW YORK (CNN/Money) - The Federal Reserve raised a critical short-term interest rate by a quarter of a percentage 
Greenspan: Economy Regaining Traction (Reuters) Reuters - The U.S. economy has escaped a\recent soft patch and seems to be picking up steam, Federal\Reserve chief Alan Greenspan said on Wednesday in remarks\economists saw as cementing a September rate rise.