discount rate – News Stories About discount rate - Page 1

Feb 18, 2010 5:19 PM CST

Fed Raises an Interest Rate

But no change expected soon on benchmark rate

(Newser) - The Federal Reserve raised the discount rate—the interest rate it charges banks for emergency loans—by a quarter point today. The central bank said the move, widely expected by the financial community, represented only the winding down of the extraordinary measures taken during the financial crisis to stimulate lending,...

Fed Holds Line on Interest
Rates; Markets Bounce

UPDATED

Sep 16, 2008 1:38 PM CDT

Fed Holds Line on Interest Rates; Markets Bounce

Committee leaves rate at 2%, confounding investors' expectations

(Newser) - In its first unanimous interest rate decision in a year, the Federal Reserve voted today to leave its key interest rate unchanged at 2%. The decision reflects regulators' unwillingness to get even more involved in the developments roiling the financial markets, the Wall Street Journal reports. Stocks fell triple-digits on...

Fed Remains Open to More Rate Cuts

Jan 2, 2008 7:33 PM CST

Fed Remains Open to More Rate Cuts

Minutes from last meeting display growing concern about markets

(Newser) - Fed officials will consider deeper rate cuts and a "substantial further easing of policy" if the turmoil in the credit and housing markets continues, according to minutes of last month's meeting. Officials displayed surprise at the extent of the housing crisis and acknowledged that market strains "could persist...

Fed OKs Quarter-Point Cut

Dec 11, 2007 1:30 PM CST

Fed OKs Quarter-Point Cut

Federal funds figure drops for 3rd month

(Newser) - The Federal Reserve cut two key interest rates at this afternoon's meeting, lopping a quarter-point off both the federal funds rate and the discount rate. The federal funds rate now stands at 4.25%, which represents a drop of 100 basis points over the past 3 months, the Wall Street ...

Fed Shaves
Half- Point Off Discount Rate

Aug 17, 2007 8:14 AM CDT

Fed Shaves Half- Point Off Discount Rate

Surprise cut boosts futures trading and Euro markets

(Newser) - In a surprise move, the Fed cut its discount rate, which it charges on direct loans to banks, from 6.25% to 5.75% this morning. The central bank acted to calm fears about uncertainty in the global markets surrounding the worsening credit crunch and underlying subprime-loan crisis. The federal...