Regional Fed banks urged holding discount rate steady before last meeting

WASHINGTON (Reuters) – All of the Federal Reserve’s 12 regional banks voted to hold steady the rate commercial banks are charged for emergency loans shortly before the U.S. central bank’s last policy meeting, minutes from discussions showed on Tuesday.

In voting to keep the rate at 2.75 percent, the directors judged it would be “appropriate to maintain the current level of short-term interest rates and assess whether incoming data support the outlook for continued economic growth, strong labor market conditions and inflation remaining near 2 percent,” the minutes said.

The Fed kept its benchmark federal funds rate steady in a range of 2.00-2.25 percent at its subsequent policy meeting on Nov. 7-8.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.