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US Fed steps in to ease liquidity, cuts discount window rate by 50 bps from 6.25%
Friday, August 17, 2007
The US Fed steps in to ease liquidity, cuts discount window rate by 50 bps from 6.25%. The discount window allows banks to borrow money in the short term.
The discount window rate cut is designed to ensure ample liquidity for banks. The data suggests the economy continues to grow at a moderate pace. Changes to exist until liquidity improves materially. The Fed said the downside growth risks have risen appreciably.
US stock futures surge after the Fed cuts the discount window rate
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