EU Morning Report – Ben Bernanke surprises the market by hiking the discount rate by 25bp!

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Ben Bernanke surprises the market by hiking the discount rate by 25bp! Overnight the Fed surprised the market by moving ahead and unexpectedly raising the discount rate by 25bp. Bernanke did signal to the market on February 10th that he could do this soon but should not be taken that the Fed funds rate will be [...]