Katrina and the Fed:The economy moves forward

摘要

Two key developments show just how rapidly the U.S.economy- which includes a reinvigorated manufacturing sector-has shrugged off the impact of hurricane Katrina and the far less damaging storm,Rita.Citing fear of inflation and the underlying strength of the U.S.economy,the U.S.Federal Reserve (aka the Fed) raised interest rates and strongly indicated that it would keep on raising them indefinitely.