Dallas, KC asked for discount rate hike in August
Ahead of the August FOMC meeting, the Dallas and Kansas City Feds each asked for the discount rate to be hiked to 1% to normalize the primary credit rate, according to the discount meeting minutes. The same two districts asked for a hike back in July as well.
The news has no policy impact as the Fed funds, not the discount rate, is the Fed’s primary tool.

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very true jc but a discount rate hike would be a shot across the bow to the mkts
Lasted less than a day when they did it in Feb…Not a signal they want to send at this point, that’s for sure…