Federal Funds Rate Explained!
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Federal Funds Rate Explained!
Funds Rate Explained. Federal funds rate is the target interest rate set by the Federal Open Market Committee (FOMC) at which commercial banks borrow and lend their excess reserves to each other overnight. The Federal Open Market Committee (FOMC), the monetary policy-making body of the Federal Reserve System, meets eight times a year to set the ...
4.8K viewsFeb 22, 2021
Federal funds rate Federal Reserve Decisions
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