TITLE

FED CUTS RATES AGAIN; MORE EXPECTED TUESDAY

PUB. DATE
March 2008
SOURCE
CardLine;3/21/2008, Vol. 8 Issue 12, p9
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the cut made by the U.S. Federal Reserve in its primary credit rate from 3.5 percent to 3.25 percent to boost market liquidity. Participants can buy and sell assets with a minimal loss of value in a liquid market. That step lowers the spread of the primary credit rate over the Federal Open Market Committee's target federal funds rate to one-quarter of a percentage point. The spread refers to the difference between a long-term interest rate and a short-term interest rate.
ACCESSION #
31410052

 

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