The Traderszone Network

Four regional Federal Reserve banks pushed to convince the central bank to raise the rate it charges commercial banks for emergency loans, meeting minutes released on Tuesday showed. Ahead of the Fed’s March 17-18 policy-setting meeting, directors of the Cleveland, Philadelphia, Kansas City and Dallas Fed banks asked the Fed’s board to bump up the discount rate to 1 percent from 0.75 percent, according to the minutes of Fed board meetings. The board, however, sided with the seven other regional Fed banks in opting to hold the rate steady.

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The deal, which comes after months of negotiations, could be announced as soon as this week, according to the Journal, citing people familiar with the terms of negotiations. The $20 million covers costs that banks incurred to reissue credit cards and debit cards as a result of the breach, as well as some of the fraud that resulted from the exposure of customer information, the newspaper said.

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The New York branch of the U.S. Federal Reserve, wary that a natural disaster or other eventuality could shut down its market operations as it approaches an interest rate hike, has added staff and bulked up its satellite office in Chicago. Some market technicians have transferred from New York and others were hired at the office housed in the Chicago Fed, according to several people familiar with the build-out that began about two years ago, after Hurricane Sandy struck Manhattan.

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China’s economic growth slows as expected, but other numbers print much weaker than forecast.

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Millennials seem to have gotten the message: Beware of credit cards
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Among the companies whose shares are expected to see active trade in Wednesday’s session are Bank of America, Delta Air Lines, and Netflix.
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It’s not every day the average Internet user gets to ask Mark Zuckerberg any question he or she desires, but Facebook users were treated to that.