Marcupcarmagdal Marcupcarmagdal

22-04-2016
Social Studies

Answered

the federal reserve’s target rate for the federal funds rate

Verified Answer :

WorldCitizen WorldCitizen

29-04-2016

The federal funds rate is the interest rate for the funds of the Federal Reserve when they're lent.

The Federal reserve Open Market Comitee sets a desired target interest rate and currently, this rate is from 0.25-0.5%.(this is the rate for 4/29/16 -before this, it was kept even lower , at below 0.25%.

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