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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: Justa Werkenstiff who wrote (12641)3/21/2000 2:26:00 PM
From: Wally Mastroly  Read Replies (1) of 15132
 
Greenman does his quarter-point thing for BOTH Fed Funds & Discount rates; + FOMC statement:


The Federal Reserve raised short-term interest rates by
one-quarter of a percentage point Tuesday, to the highest level in nearly five years, in a bid to cool the hot U.S. economy. The widely expected move lifted the federal funds rate to 6 percent and the discount rate to 5-1/2 percent.

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FOMC statement:

bog.frb.fed.us

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Bloomberg commentary:

bloomberg.com
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biz.yahoo.com
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