Fed cuts discount rate
The Federal Reserve yesterday slashed the discount lending rate by a quarter-point to 3.25%, as part of a set of initiatives to bolster market liquidity and promote "market functioning.”
The Federal Reserve has slashed the discount lending rate by a quarter-point to 3.25%, as part of a set of initiatives that were announced on Sunday with the intention to bolster market liquidity and promote "market functioning.”
The move, which marks the Fed’s third unscheduled policy
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