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Fed Cuts Discount Rates by 50 Basis Points

Started by Jorge · 3 months ago

First off, what exactly is the discount rate? The discount rate is the short-term interest rate that banks can borrow at. The current rate is now at 5.75%. The Federal Funds rate, the interest rate that banks lend to each other overnight, remains unchanged at 5.25%. Early morning tra ... Continue reading »

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