Fed Raises Discount Rate, Dollar Soars, Equity Futures Sink, What’s It Really Mean?

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Fed Raises Discount Rate, Dollar Soars, Equity Futures Sink, What’s It Really Mean?

“The Fed has been talking about its “exit strategy” for quite some time. Few believed he would pull the trigger on anything soon. Yet, Bernanke, unexpectedly raised the discount rate headed into options expiration.”

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