News list for " current rate"

On August 28th, the Federal Reserve's discount rate meeting notes released on Tuesday showed that the board members responsible for overseeing the Chicago and New York Fed voted in favor of cutting the discount rate by 25 basis points in July. In last month's vote, 10 of the 12 regional Federal Reserve banks wanted to keep the discount rate at 5.5%, while the Chicago and New York Fed wanted to cut it to 5.25%. The Federal Reserve maintained its target range for interest rates at 5.25% -5.5% at i...

2024-08-27 18:18:11