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federal reserve, bank lending
(Image from article: "Fed Raises Interest Rate That It Charges Banks")

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Stocks Slump After Fed Hikes Discount Rate

Central bank bumps up cost for emergency loans to banks, but says move on benchmark rate is not imminent.

 

Fed Raises Interest Rate That It Charges Banks

Fed Raises Interest Rate That It Charges Banks

The increase in the discount rate is seen as a first step by the Fed to normalize lending after more than two years of extraordinary actions to prop up the economy.

 

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