Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: robert b furman who wrote (25114)	8/24/1998 11:10:00 PM
From: N	Read Replies (1) of 94695

Robert, appreciate and share some of your concerns. However, the fed targets the federal funds rate , about 5.5% right now and sets the discount rate ?%. That is its influence on the prime which is set by major banks. Yields on treasuries reflect price of future dollars set by the market. Nancy

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