American Land Title Association
Print Friendly
Home  >  News Room
News Room

SoftPro is the nation's leading provider of Real Estate Closing and Title Insurance software

North American Title Insurance Company is a seasoned title insurance underwriter that has been helping customers achieve the American dream of homeownership for more than 50 years. In the past several years, we have become known as the “underwriter next door,� because our associates are always easy to reach and our processes are, at all times, quick and straightforward. Our agency application process is fast and transparent for qualified agents. NATIC offers a one-hour underwriting response guarantee that is unparallelled in our industry. In addition, we value our agents based on their title industry knowledge and experience, not just on profits alone.

Greenspan: Economy on solid ground

June 9, 2005

Comments suggest interest rates may continue to rise

Inman News

he U.S. economy is on solid ground, Federal Reserve Board Chair Alan Greenspan told Congress this morning.

"The U.S. economy seems to be on a reasonably firm footing and underlying inflation remains contained," Greenspan said in testimony prepared for the Joint Economic Committee in Washington, D.C.

"Most recent data support the view that the soft readings on the economy observed in the early spring were not presaging a more serious slowdown in the pace of activity," Greenspan said.

Greenspan, repeating language from the Fed's last meeting in May, said that "policy accommodation can be removed at a pace that is likely to be measured.'' The comment suggests that the Fed's Open Market Committee will continue to raise interest rates.

The Open Market Committee has raised the its overnight bank lending rate from a four-decade low of 1 percent in eight consecutive quarter-point increases.

In a widely expected move, the U.S. Federal Reserve on March 22 decided to raise its target for the federal funds rate to 2.75 percent, saying that pressures on inflation have picked up in recent months.

Greenspan and other policymakers raised the federal funds rate by 25 basis points, to 2.75 percent. Analysts had almost unanimously predicted the decision.

In a statement announcing the action, the Fed said policymakers continue to believe they can raise rates in a "measured" fashion, as they have said for nearly a year. But Fed expressed concern about inflation, saying that "pressures on inflation have picked up in recent months and pricing power is more evident."

The Open Market Committee is scheduled to meet again at the end of this month and is expected to raise the rate another quarter point.

Copyright 2005 Inman News

Print Friendly

How To Find Us:
American Land Title Association
1800 M Street, NW, Suite 300S
Washington, D.C. 20036-5828
P. 202.296.3671 F. 202.223.5843
Copyright © 2004-2016 American Land Title Association. All rights reserved.
SecurityMetrics for PCI Compliance, QSA, IDS, Penetration Testing, Forensics, and Vulnerability Assessment