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are you implying cutting FF rate will lower longer term treasury (mortgage) rates? To me this would create an opposite effect, if the rate cuts are eventually successful this will stimulate the economy and drive up the cost of money, or market interest rate. But more immediately a rate cut could...

it seems FF leads the discount, in Jan '01 they dropped FF by 1/2 pt and the discount followed by 1/4 on two consequitive days, in the late 1990's there were a bunch of fed funds announcements without corresponding discount rate change, so the discount cut without FF change is unprecedented, no?

it seems FF leads the discount, in Jan '01 they dropped FF by 1/2 pt and the discount followed by 1/4 on two consequitive days, in the late 1990's there were a bunch of fed funds announcements without corresponding discount rate change, so the discount cut without FF change is unprecedented, no?

the new york fed page has a disclaimer (footnote 1) that daily effective FF rate is subject to a revision, is it safe to go by these numbers when computing August 30 day FF price? because for the past 6-7 days they've been lending at a 50bps + discount to the target rate. Is the month of August...