NEW YORK —The Federal Reserve’s decision in mid-August to cut a key lending rate was welcome news for restaurant operators already battered by weeks of steep losses and subsequent recoveries in the financial markets. The Fed cut by a half-percentage point its discount rate on loans to banks “to promote the restoration of orderly conditions in financial markets.” The discount rate does not have a direct impact on consumers and applies mostly to banks that are having ...

Register to view this article

It’s free but we need to know a little about you to continually improve our content.

Why Register?

Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.

Attention Print Subscribers: While you have already been granted free access to NRN we ask that you register now.We promise it will only take a few minutes!

Questions about your account or how to access content?


Already registered? here.