U.S. Federal Reserve discusses an Increase in Interest rates on Emergency Loans to banks leaving investors pinned to the computer screens. For More information regarding The U.S. Federal Reserve or the Latest Stock Market Information, make sure to visit the Most Exclusive and In Depth newsletter website at: http://www.wallstreetgrand.com/.
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U.S. Federal Reserve Officials conversed about increasing the interest rate charged on emergency loans to banks. This would be the second time that this conversation has taken place. The central bank announced on February 18 that it was raising the discount rate to 0.75 percent from 0.5 percent, a move it described at the time as an acknowledgment financial markets were healing and the Fed's emergency loans were less needed.
Investors are on edge of their seats waiting for a sign that the central bank is contemplating on whether to increase its benchmark rate. Prior to the financial crisis that took place in 2007, the discount rate was a full percentage point above the benchmark rate. However, it was lessened to a half-point after the Fed cut the discount rate in August 2007.
If this action were to take place for the second time, figures would move to 0.75 percentage points from the high end of the Fed's latest target range of zero to 0.25 percent, which would still leave it slightly narrower than it was before the financial crisis.
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