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Fed Cuts Two Rates: Federal Funds Target Rate and Discount Rate

Posted by longdongsilver 1303 days ago (http://www.consumerismcommentary.com)
Category: Economy | Tags: fed interest rates
"The Federal Reserve Board responded to the economy yesterday by lowering the target for the federal funds rate to 1% and the discount rate to 1.25%." We can only cut them so many times before they're negative!
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