MutualFundWire.com: Fed Opens the Discount Window
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Friday, August 17, 2007

Fed Opens the Discount Window


After a challenging overnight in Asia, the Fed brought a ray of sunshine to the U.S. markets just after 8:00 Friday morning, when it opened the discount window by lowering the discount rate by 50 bps. The move immediately sent the markets higher based on futures trading.


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