MACRO GLOSSARY
What is Fed Funds Rate?
The overnight interest rate at which US banks lend reserves to each other. Set by the Federal Reserve’s FOMC. Changes to this rate ripple through the entire interest-rate curve.
Related Terms
Interest Rates
Macro
Central Bank
Macro
Monetary Policy
Macro
Bond Yield
Macro
Inflation
Macro
CPI (Consumer Price Index)
Macro
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