Fed discount rate

Fed, Bank of Japan, and U.S. Labor Market in the News

April 2, 2010

Markets are closed today for Good Friday in Europe, Australia, New Zealand, Indonesia, India, Singapore, the Philippines, Latin America and Canada.  The U.S. stock market will not open; however, the Treasury market will open until noontime EDT because the U.S. Labor Department is releasing its March jobs report at the usual 08:30 eastern time (12:30 […] More

Dollar Strengthened in Wake of Late Wednesday’s Surprise Fed Discount Rate Hike

February 19, 2010

At 19:30 GMT yesterday after U.S. markets had closed, the Fed announced a 25-basis point increase in its discount rate to 0.75%.  The FOMC minutes this week had served notice that such a move could occur soon and would not be meant as a signal of tightening monetary policy but rather another part of an […] More