by Not good!The regional Feds are calling for higher discount lending rates even though borrowings are at 0! According to the Fed minutes from the discount rate meeting (different from the FOMC minutes), four of the Fed banks called for a hike in the discount rate. It’s the emergency rate at which banks could borrow directly from the Fed’s discount window – currently at 1%. This disclosure suggests that the Fed is becoming increasingly hawkish.
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Not good!
The regional Feds are calling for higher discount lending rates even though borrowings are at 0!
According to the Fed minutes from the discount rate meeting (different from the FOMC minutes), four of the Fed banks called for a hike in the discount rate. It’s the emergency rate at which banks could borrow directly from the Fed’s discount window – currently at 1%. This disclosure suggests that the Fed is becoming increasingly hawkish.
