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