5/10/2004

Fed Paves the Way for a Possible Rate Hike Later

Hello!

The Fed kept interest rates level with comments indicating measured increases in the future. Employment figures continue to be strong. It would not surprise us if we saw rate increases in the third quarter of this year.

If you have a 403(b) that you are not pleased with, ask us about Revenue Ruling 90-24. Could be that you have more choices available to you.

Terri G. Millson, CIMC President

Ray Dicius, GEPC LPL Branch Manager