Skip to footer

Do you remember where you were when the Fed raised the discount rate?

|
Owen DB/Black Star/Newscom/File
Ben Bernanke, chairman of the US Federal Reserve, (shown here in 2009) raised the central bank's discount rate by a quarter point on Feb. 18.

I love it!

The newswire/ blogosphere is going chocolate-covered bananas tonight over the fact that the Fed has at long last raised the discount rate by...wait for it...waaaaaiiitttt ffffoooorrrr ittt - 25 basis points. Seriously, from zero percent to just about zero percent.

After MONTHS of hints and winks and nudges that this would be necessary.

Futures and currencies and bonds and old guys at the horse track are all in a tizzy.

We'll see how this plays out overseas and revisit in the AM. Vix call buyers rejoice. Matt Phillips has the details below.

Read Also:

http://blogs.wsj.com/marketbeat/2010/02/18/fed-raises-discount-rate-buckle-your-seatbelt/

Add/view comments on this post.

-------------------------

The Christian Science Monitor has assembled a diverse group of the best economy-related bloggers out there. Our guest bloggers are not employed or directed by the Monitor and the views expressed are the blogger's own, as is responsibility for the content of their blogs. To contact us about a blogger, click here. To add or view a comment on a guest blog, please go to the blogger's own site by clicking on the link above.

You've read  of  free articles. Subscribe to continue.
QR Code to Do you remember where you were when the Fed raised the discount rate?
Read this article in
https://www.csmonitor.com/Business/The-Reformed-Broker/2010/0219/Do-you-remember-where-you-were-when-the-Fed-raised-the-discount-rate
QR Code to Subscription page
Start your subscription today
https://www.csmonitor.com/subscribe