Fed Raises Discount Rate

Published on February 19, 2010 by Technology Slice

Fed Raises Discount Rate – The Federal Reserve Board raised the discount rate charged to banks for direct loans by a quarter point to 0.75 percent and said the move will encourage financial institutions to rely more on money markets rather than the central bank for short-term liquidity needs. “These changes are intended as a [...]

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Posted in Money

Fed Discount Rate

Published on February 19, 2010 by Technology Slice

Fed Discount Rate – The U.S. Federal Reserve Thursday raised the rate it charges banks for emergency loans by a quarter percentage point, but emphasized that the step didn’t represent a broader tightening of credit. In a widely expected move, the U.S. central bank said the increase in the discount rate to 75 basis points [...]

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Posted in Money

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