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Economy

progree

(11,467 posts)

3. "Review and determination by the Board of Governors of the advance and discount rates to be charged

Reply to DemReadingDU (Reply #2)

Mon Oct 3, 2022, 09:50 AM

Oct 2022

by the Federal Reserve Banks."

That appears to be official-ese for the infamous Fed Funds Rate that we all watch, and is currently 3.00-3.25%. I thought the next meeting on that was going to be Nov1-2 (how convenient just before the Nov 8 election). Hmm. interesting so soon after their last rate-hiking meeting (Sept 21).

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STOCK MARKET WATCH -- Monday, 3 October 2022 [View all] Tansy_Gold Oct 2022 OP

Intel and emerging markets in focus bucolic_frolic Oct 2022 #1

The Fed to hold emergency meeting today at 11:30 DemReadingDU Oct 2022 #2

"Review and determination by the Board of Governors of the advance and discount rates to be charged progree Oct 2022 #3

Looks like it worked! Tansy_Gold Oct 2022 #4