Fed To Hold Unexpected Meeting Under "Expedited Procedures" On Monday To Discuss Rates

With everyone's focus sharply attuned on anything to do with the Fed's rate hike policy, many will probably wonder why yesterday the Fed announced that this coming Monday, April 11, the Fed will hold a closed meeting "under expedited procedures" during which the Board of Governors will review and determine advance and discount rates charged by the Fed banks. As a reminder, the last time the Fed held such a meeting was on November 21, less than a month before it launched its first rate hike in years.