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UPDATED: 09:11, May 12, 2006
US Fed raises interest rates to 5-year high
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The U.S. Federal Reserve raised a key interest rate again Wednesday to 5 percent, from 4.75 percent, and said that it may keep raising rates in the coming months to contain inflation but that the timing of any increases will depend on how the economy is doing. Clerks relay deals in the Euro Dollar Pit at the Chicago Mercantile Exchange after the Fed raised interest rates May 10.

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The U.S. Federal Reserve raised a key interest rate again Wednesday to 5 percent, from 4.75 percent.

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A clerk trades in the S&P 500 futures pit at the Chicago Mercantile Exchange shortly after the Federal Reserve made its interest rate announcement May 10.

Photo:<!--###IMAGE_BRIEF###-->
The U.S. Federal Reserve raised a key interest rate again Wednesday to 5 percent, from 4.75 percent.

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