Discount rate – the rate at which commercial member banks can borrow funds from the Federal Reserve to meet reserve requirements. This rate is used to control the money supply.
Discount rate – the rate at which commercial member banks can borrow funds from the Federal Reserve to meet reserve requirements. This rate is used to control the money supply.
Level’s Michael Angelucci, CFP® appeared on Buffalo’s WBEN this morning to provide commentary on yesterday’s massive market rally after election
