oc-conservative_IHB
New member
<p>I didn't think it would be so soon!</p>
<p>The discount rate is the rate that the Fed charges to make direct loans to banks. The fed funds rate, however, remains at 5.25%. As I said before, the pressure on the economy will be too great for the Fed not to act. Is the fed funds rate next?</p>
<p>>>>August 17 (Bloomberg) -- The Federal Reserve, in an unscheduled announcement, cut its discount rate and said it's prepared to take further actions to ``mitigate'' damage to the economy from the rout in global credit markets. </p>
<p>``Financial market conditions have deteriorated, and tighter credit conditions and increased uncertainty have the potential to restrain economic growth going forward,'' the central bank's Federal Open Market Committee said in a statement released in Washington. ``The downside risks have increased appreciably.'' </p>
<p>In the statement, the committee said it is ``prepared to act as needed to mitigate the adverse effects on the economy arising from disruptions in financial markets.''<<<</p>
<p>The discount rate is the rate that the Fed charges to make direct loans to banks. The fed funds rate, however, remains at 5.25%. As I said before, the pressure on the economy will be too great for the Fed not to act. Is the fed funds rate next?</p>
<p>>>>August 17 (Bloomberg) -- The Federal Reserve, in an unscheduled announcement, cut its discount rate and said it's prepared to take further actions to ``mitigate'' damage to the economy from the rout in global credit markets. </p>
<p>``Financial market conditions have deteriorated, and tighter credit conditions and increased uncertainty have the potential to restrain economic growth going forward,'' the central bank's Federal Open Market Committee said in a statement released in Washington. ``The downside risks have increased appreciably.'' </p>
<p>In the statement, the committee said it is ``prepared to act as needed to mitigate the adverse effects on the economy arising from disruptions in financial markets.''<<<</p>