lower interest rates than fixed-rate certificates, and many have higher deposit requirements. You dont have to dive into the discount bin with all of your money at once. Changes in the federal funds rate and the discount rate also dictate changes in The Wall Street Journal prime rate, which is of interest to borrowers. The day after the Fed discount rate cut, the Dow surged almost 40 points. If your original investment thesis still stands, then stand by your choices. Return to the Fiend's SuperBear Page. As one would expect at the end of a secular bear market, sentiment was rather bearish.
From its low in August to its first all time high in almost ten years, the Dow gained 275 points. The prime rate paytm bus coupons is the underlying index for most credit cards, home equity loans and lines of credit, auto loans, and personal loans. The Dow's August 1982 low of 776 was its lowest close in over two years and marked the end of the secular bear market that began back in 1966. But despite another discount rate cut in early August to 11, the Dow fell to what would be its final bottom of 776 less than two weeks later. The discount rate was cut by 50 bpto.75 from.25and the term of loans was extended from overnight to up to thirty days. What will happen to my retirement savings? The primary credit rate was also reduced.25 from.50, which cut the spread of the primary credit rate over the fed funds rate to 25 basis points from 50 basis points. When the Fed has boosted rates.25 percentage point in recent years, most major issuers have raised the annual percentage rates on their cards by an equal amount within a month. For the most part, rates at brick-and-mortar banks have remained low. Click on the links below to find a fuller explanation of the term.