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Today the Fed, as expected, raised rates another 25 basis points. Go Fed! Indications at this point are for a continuing measured increase in interest rates for the next couple of quarters or so.

Their press release is online, as is Bankrate.com's nice feature What the Fed Said, a translation of fedspeak to English.

Also, the Federal Reserve studies consumer finances of normal people in the United States every three years. This information is freely available and pretty darned interesting reading. Here's the Fed's 2001 Survey of Consumer Finances . Don't miss the section on debt (starts at pdf page 21), particularly the credit card section (starts on pdf page 24).

The 2004 data isn't up yet -- they say it will be released in early 2006.

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