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