11/15/2004

Interest Rate Hike as expected

Hello!

As expected, the Federal Reserve increased short-term interest rates by 1/4%. Higher interest rates may make US Treasury bonds more attractive in the global marketplace and thereby, perhaps, slow the dollar's slide. Some sectors that may benefit from a lower dollar are US Tourism and US Manufacturing.

Planning your organization's budget for 2005? Why not include an investment in your organization's fiduciary responsibility such as a written investment policy statement?

Terri G. Millson, CIMC President

Ray Dicius, GEPC LPL Branch Manager