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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: LindyBill who wrote (37551)1/5/2001 1:47:57 AM
From: kumar  Read Replies (1) of 54805
 
re : Discount Rate cuts :

from what I hear "no big deal" :

- Fed Funds rate cuts/increases is what banks charge each other overnight.
-discount rate is what a bank would pay if funds were borrowed from the Fed overnight.
- Fed needs a request from "regional Feds" (not sure of terminology here), to go beyond 1/4 cut/raise unilaterally.
- Today a request was made, and accepted.

cheers, kumar
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