"Corporate earnings are strong, but the market is wondering how to value them since a series of potential rate hikes could discount earnings more heavily and discourage growth".
Denmark, which is not, hiked its discount and repo rates by 0.5% to 4% and 4.25% respectively.
In September 1980, with Carter and Ronald Reagan in a close race, Volcker administered the coup de grâce by hiking the discount rate.
When you use the resort's free Alpbach Valley Seenland card, you receive free lift passes for children up to 15 years – and other goodies such as free ice-skating and snowshoe hikes, and discounts on paragliding.
Volatility picked up in the afternoon as a bit of fear ran through the ranks of investors after murmurings that the US Federal Reserve was looking to hike their discount window rate once again.
The Fed hiked the discount rate two months before the 1980-81 recession began.
The day began with cautious gains as the first of two days of Capitol Hill testimony from Bernanke got underway, before the rally was extended on further confidence that the Fed's discount rate hike last week is not a harbinger of an increase to the benchmark fed funds rate anytime soon.
With a spring in your step, you unroll the yoga mat, buy Oprah's recommended book, purchase some discounted hiking boots.
Markets had widely expected the Fed to raise rates at this juncture, though the hike in the largely symbolic discount rate was somewhat of a surprise.
It's meaningless as they all hike prices before offering a discount".
