Re: It's a 2-peat

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gwr1

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Re: It's a 2-peat

posted on Feb 18, 2010 04:55PM

http://www.marketwatch.com/news/story/fed-raises-discount-rate-075/story.aspx?guid=%7B60B11B16%2D4FD8%2D4DDC%2DB1E1%2DB69B4CE576B2%7D">Fed raises discount rate to 0.75% from 0.5%

Last Update: 4:40 PM ET Feb 18, 2010

The Federal Reserve raises its discount rate in order to encourage banks to borrow from the private market for short-term credit instead of from the Fed. ...