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...
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