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To: Night Writer who wrote (79781)	3/21/2000 2:33:00 PM
From: Night Writer	Read Replies (1) \| Respond to of 97611

Fed raises federal funds rate by quarter point to 6.00% New York--Mar 21--The Federal Reserve raised its federal funds target rate by a quarter percentage point to 6 percent. The widely expected move is the fifth interest-rate increase in nine months and lifts overnight interbank borrowing rate to the highest level since 1995. The Fed also raised its discount rate, the rate in charges commercial banks for loans, by quarter percentage point to 5.50 percent. (Story .1035)