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 Steven Elwell, CFP®, discusses first quarter market performance in this video. Extra emphasis added regarding the upcoming Presidential election
