fed funds rate
The interest rate at which banks and other depository institutions lend money to each other usually on an overnight basis. The law requires banks to keep a certain. 28 Charts That Show How America Changed Since The Fed Gave Us 0 Rates Economic Indicator Business Insider Federal Reserve The Feds benchmark rate will end the year at 34 according to the midpoint of the target range of individual members expectations. . The central bank signaled more rate hikes may be coming in 2022. Fed Funds Rate What it means. It has also dipped well below 2 to stimulate economic growth. Looking ahead past 2022 the Fed forecasts a. In the United States the federal funds rate is the interest rate at which depository institutions banks and credit unions lend reserve balances to other depository institutions overnight on an uncollateralized basis. The central bank announced Wednesday that it is lifting the federal-funds rate by three quarters of a percentage po...