Ask Michael Burke Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Ask Michael Burke

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Knighty Tin who wrote (87946)	1/4/2001 6:21:13 PM
From: yard_man	Read Replies (1) of 132070

no they cut the discount rate 1/4 yesterday, too -- or was I hallucinating? <g> >>In a statement issued that day [yesterday], when the Fed cut its fed funds rate half a point to 6 percent and lowered the discount rate to 5.75 percent, the central bank had said it stood ``ready to approve a further reduction of 25 basis points in the discount rate to 5.5 percent'' if regional Fed banks asked for such a move. <<

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next