Friday, August 17, 2007

Fed Cuts Discount Rate To 5.75%!

[This post is written and copyrighted by FIRE Finance (http://firefinance.blogspot.com).]Today in a press release the Federal Reserves have issued the following:"To promote the restoration of orderly conditions in financial markets, the Federal Reserve Board approved temporary changes to its primary credit discount window facility. The Board approved a 50 basis point reduction in the primary

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