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The Fed today released a statement saying that it was raising the Discount Rate, the rate it charges banks for overnight loans, from .50% to 0.75%. This change was expected and the Fed was careful...
In testimony to the House Financial Services Panel today, Fed Chairman Bernanke said that the Fed may elect to raise the Fed Discount Rate before long.
The Fed just minutes ago cut the federal-fund rate by half a percentage point to 4.75% and the discount rate by half a percentage point to 5.25%. While the market had been anticipating a cut, most...
The Fed cut discount rate today by 50 basis points (1/2 percent) to 5.75% signaling its concern over the credit crunch and attempting to reassure markets. This and rate increases on bank deposit...