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New Interest Rate Should Give Business A Boost
AP dispatch notes a with the Federal Reserve Board cutting the discount rate from 4 percent in a geographically limited move. Banks may follow, possibly lifting cheaper borrowing for business and boosting consumer spending, while reactions turn to stock markets and industry output.
MENTIONED IN THIS ARTICLE
Jack Lefler
Federal Reserve
Philadelphia
San Francisto
New York
Retserve
Federal Reserve Board
Commerce Department
Railway Express Agency
Ogden
Trenton
N.J