By now the whole world has heard about the Federal Reserve raising the discount rate by 25bp to 0.75% last night. While the Feds official rhetoric claims that it is not signaling any shift in policy or economic outlook, it would be naïve view it in any other way. In his written testimony on Feb. 10th Fed Chairman Bernanke stated the Fed could adjust the discount rate "before long", and this would... ...More...


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