Discount Rate Hike Signals Government Anti-Inflation ResolveWASHINGTON - The Federal Reserve Board on Friday dramatically escalated its fight against inflation by raising its key bank lending rate to the highest level in three years to dampen upward pressure on prices.Nancy Benac, Ap...
Economists Question Decision to Raise Discount RateNever has the Federal Reserve Board made an interest-rate decision that wasn't controversial, and its latest one - a half percentage point increase to 6.5 percent in the discount rate - continues the tradition.John Cunniff, Ap...
Stock Market Less Responsive to Discount Rate ReductionsNEW YORK - The stock market lately has had troubleresponding with its customary enthusiasm...Chet Currier, Ap
By Dave Skidmore WASHINGTON - The Federal Reserve Board, in a move to fight inflation, said Tuesday it was boosting its key bank lending rate for the first time in nearly a year. Analysts said other interest rates likely would head higher as a result.Dave Skidmore, Ap...
Treasury auctions. The Federal Reserve's surprise hike in its key discount ratethis past...By Marcy GordonAp
Federal Reserve Board Cuts Discount Rate to 6.5 PercentWASHINGTON - The Federal Reserve Board is cuttingits discount rate to 6.5 percent, the lowest...Martin Crutsinger, Ap