MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 652.56

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To: JG who wrote (23103)	8/16/1999 1:09:00 PM
From: Claud B	Read Replies (2) of 99985

JG...It seems everyone is forgetting about the Discount Rate. If the FED holds to its targets, another 1/4 point boost in the Fed Funds rate has to also result in a 1/4 point bump in the Discount Rate. Otherwise the spread would be outside the Fed's targeted range.

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