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Global Axcess Corp. Message Board

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  • longtimefollower longtimefollower Feb 18, 2010 5:46 PM Flag

    Fed announces discount rate increase!

    I should say, historically, the Fed does discount and Fed Funds rate increases IN TANDEM, or even starts raising the Fed Funds rate BEFORE the discount rate (at the beginning of a cycle of rising interest rates). But, they need to get the discount rate "ahead" of the Fed Funds rate, to get it back to a 100 basis point gap that evidences "normalized" times. Projection: They raise the discount rate another 25 basis points at the March Fed meeting, and then again at the April Fed meeting. Then raise both Fed Funds and discount rate 25 basis points at the June meeting.

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