To the Point
Fed Moves to Cut the Discount Rate, Lifts Stocks
With the sub-prime lending crisis rocking financial markets, the Federal Reserve today c ut the so-called "discount rate" by half a percentage point to 5.75%. The Dow Jones , Nasdaq and Standard & Poor's 500 went up. Peter Coy is economics editor for BusinessWeek magazine.
By Warren Olney • • 1 min readWith the sub-prime lending crisis rocking financial markets, the Federal Reserve today cut the so-called "discount rate" by half a percentage point to 5.75%. The Dow Jones, Nasdaq and Standard & Poor's 500 went up. Peter Coy is economics editor for BusinessWeek magazine.
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Chinese Imports and Product Safety- 1:38Fed Moves to Cut the Discount Rate, Lifts StocksYou’re reading this
- 7:29Chinese Imports and Product Safety
- 42:13Search Suspended after Mine Rescue Turns Deadly
The full episode
1 of 3Chinese Imports and Product Safety- 1:38Fed Moves to Cut the Discount Rate, Lifts StocksYou’re reading this
- 7:29Chinese Imports and Product Safety
- 42:13Search Suspended after Mine Rescue Turns Deadly