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The discount rate was cut by 50 bp—to 5.75% from 6.25%—and the term of loans was extended from overnight to up to thirty days. That reduced the spread of the primary credit rate over the federal funds rate from 100 basis points to 50 basis points.
v. t. e. The following is a list of the highest-income ZCTAs in the United States. ZCTAs or ZIP Code Tabulation Areas are the census equivalent of ZIP codes used for statistical purposes. The reason why regular ZIP codes are not used is because they are defined by routes rather than geographic boundaries. Thus, they have the tendency to overlap ...
Tariffs on masks are set to rise to 25% this year from a range of 0% to 7.5%. "I think this will trigger increased demand," he said, adding that he can meet that easily.
A consistently popular summer destination with 30 miles (48 km) of beaches, Cape May County attracts vacationers from New Jersey and surrounding states, with the summer population exceeding 750,000. Tourism generates annual revenues of about $6.6 billion as of 2018, making it the county's single largest industry.
At the conclusion of its third rate-setting policy meeting of 2024 on May 1, 2024, the Federal Reserve left the federal funds target interest rate at a 23-year high of 5.25% to 5.50%, marking the ...