Was anyone looking at their screen at 4:16 cst when the FED dropped the
discount rate another 25 bp? Yesterday's cut was 25 bp for the discount
rate and 50 bp for the fed funds rate. Nice little spike in the s&p and
nasdaq.
17:16 FEDERAL RESERVE CUTS LESSER-USED DISCOUNT RATE ANOTHER 25 BASIS POINTS
TO 5.50%
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