| At an international conference on Monday, Federal | | | | to inflation. For example, he noted that core inflation |
| Reserve Chairman Ben Bernanke promised that | | | | was rising by 3% or more.Most consumers can |
| inflation will be fought by the central bank.Bernanke | | | | expect rates to continue to rise. Bernanke seems |
| stated that the Federal Reserve "will be vigilant to | | | | determined to maintain the Fed's credibility in fighting |
| ensure that the recent pattern of elevated monthly | | | | inflation, which has taken 20 years to establish.Many |
| core inflation readings is not sustained."Economists | | | | industry experts are concerned that rates will go too |
| have closely been watching the Fed for any | | | | far in the fight against inflation. Many consider former |
| suggestion that the interest rate increases will be | | | | Fed chairman Alan Greenspan's push to fight interest |
| paused at the Fed's June 28-29 meeting. If the rate is | | | | in the late 80's as the cause of the stock market |
| increased, it will be for the 17th consecutive time.After | | | | collapse.Bernanke says that inflation is a fight that the |
| Bernanke's speech, most analysts now expect rates | | | | Fed will continue to make.Martin Lukac ( represents |
| to continue their upward march. Many expect rates to | | | | and a finance web-company specializing in real estate |
| continue to rise at the August meeting, also.Investors | | | | mortgage market. We specialize in daily updates, rate |
| had remained optimistic, especially given recent reports | | | | predictions, mortgage rates and more. Find low home |
| that showed slower economic growth than | | | | loan mortgage interest rates from hundreds of |
| expected.Bernanke, however, said that there have | | | | mortgage companies! |
| been a number of unwelcome developments that point | | | | |