The Fed stepped in after hours yesterday and bumped the now-days-neglected discount window (the facility whereby the Fed acts as lender of last resort) rate by a quarter of one percent, putting it at .75%. Yesterday the Producer Price Index came in sharply higher than economists had expected
Friday, February 19, 2010
A Blank Shot Accross the Bow
The Fed stepped in after hours yesterday and bumped the now-days-neglected discount window (the facility whereby the Fed acts as lender of last resort) rate by a quarter of one percent, putting it at .75%. Yesterday the Producer Price Index came in sharply higher than economists had expected
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