The federalfundsrate, which is set by the Federal Reserve, is the target range at which banks borrow and lend money to one another overnight. But it impacts much more than just those banks.
Introduction the federal fund rate How the federalfundsrate work? How does the federalfundsrate affect the economy? How does the federalfundsrate affect you? FAQs ...
The federalfundsrate is the rate at which banks charge one another for overnight lending — but it doesn’t just impact those banks. The rate affects everything from how much interest you ...