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FOMC Discount Rate Announcement

 

 

Definition: The Federal Discount Rate is the interest rate charged to commercial banks on loans they receive from their regional Federal Reserve Bank. Under normal market conditions decisions on the Discount Rate will be taken at the same time as the Fed considers the “Federal Funds Rate” or Interest Rate. However, in times of financial crisis unscheduled changes can be announced.

 

 

 

Additional Info: Under normal market conditions the Federal Open Market Committee will meet eight times per year to vote on where to set the Interest Rate and Discount Rate.

Related Terms: FOMC Interest Rate Statement - FOMC Meeting Minutes

 

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