- Facebook Fiasco: 10 Things Underwriters Got Wrong
- Sticker Shock: What College Is Likely to Cost in 18 Years
- Citigroup Lost $20 Million on Facebook IPO Trades
- Many Greeks Moved Their Money Abroad Long Ago
- Still Like Facebook? There’s an ETF for That.
- Greek Exit Could Trigger 50% Fall in Euro Stocks: Analyst
- Main Players in the Greek Election
- Robber Breaks Into Taco Bell, Leaves Disappointed
- Greek Exit Could Trigger 50% Fall in Euro Stocks: Analyst
- A New Look at the ‘New Poor’
- Six Pack: Beer Buzz of the Week
- Greek Exit Could Trigger 50% Fall in Euro Stocks: Analyst
- Under Pressure, FHA Skews to Wealthier Home Buyers
- Big Stock Upside for Hudson City Deal: Analyst
- 5 High-Yield Stocks Ready to Boost Dividends
- Yoshikami: Four Things You Need to Know About Gold Now
- Steinbock: The Euro Zone Endgame Begins
- Option Bulls Take Another Shot on Idenix
MOST SHARED
- S&P Cuts Ratings on Five Spanish Banks
- Where Large Banks Fail, Regionals are Succeeding: Bove
- Marc Faber: 100% Chance of Global Recession
- The Shortage of Women Billionaires
- Greek Exit Could Trigger 50% Fall in Euro Stocks: Analyst
- Reum: Successfully Marketing Liquor through Facebook
- Facebook Analyst Reports All Over the Map
- Yoshikami: Four Things You Need to Know About Gold Now
- Under Pressure, FHA Skews to Wealthier Home Buyers
- Facebook IPO Fiasco: 10 Things Underwriters Got Wrong
MOST POPULAR
HOT ON FACEBOOK
European Central Bank Raises Rates to 4%; Further Hikes Uncertain
Text Size 
The European Central Bank raised its core interest rate to 4% from 3.75% Wednesday, as widely expected, but ECB President Jean-Claude Trichet refrained from using the now-familiar phrase "extreme vigilance" to signal further rate hikes.
Trichet continued to describe rates as "accommodative," however, when speaking at a news conference following the decision, suggesting the central bank considers them low enough to stimulate growth in the region and another rise is possible.
All 83 analysts polled by Reuters last week forecast the ECB would lift rates by 25 basis points at its June policy meeting. The hike marks a doubling in the borrowing rate for the 13 countries in the euro zone in 18 months.
"We expect only one further hike this year and the next one then in early 2008," Gertrud Traud, chief economist at Helaba, told "Power Lunch" following the announcement.
The lack of familiar "code words" may be the result of a change in communication policy for the bank, according to Axel Weber, president of Bundesbank and leading member of the governing council.
The use of verbal hints such as "extreme vigilance" may be stripped from statements at the end of the current rate-tightening period, he said in an interview with the Financial Times last week.
The Bank of England will also decide on interest rates when it meets on Thursday at noon London time. It is expected to keep rates on hold at 5.5%, but economists are wary after recent surprises.
- The Nasdaq has suffered the most from the EU crisis showing there's risk in the usual tech stocks.
- Targeting more Millennials is just one of the items brewing for consumers in the world of spirits.
- It seems many people may need a reminder of how NOT to act on a plane. Here are a few tips.
- Here are some very unusual roadside stops along American highways that might peek your interest.
- How three generations of Americans are dealing with the finances of retirement.
Data is a real-time snapshot *Data is delayed at least 15 minutes
