05/02/2005

Even Up!

Hello:

It would not surprise us this week if the Fed Funds interest rate were raised by 1/4% to 3% (from 2.75%). This would almost close the gap between the fed funds rate with the most recent released figure for GDP growth (3.1%). Many economists consider it important to "even up" the cost of money with inflation.

Looking for grantmakers? Visit www.fdncenter.org/funders/grantmaker for some private foundations to consider.

Terri G. Millson, CIMC President

Ray Dicius, CSA, GEPC LPL Branch Manager