Fed Raises Rate Banks Pay For Emergency Loans

The Fed is boosting the rate banks pay for emergency loans. The move won't affect borrowing costs for millions, but it brings the Fed's crisis lending program closer to normal.

BING NEWS:
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    The Fed controls the federal target funds rate, which determines how much interest banks pay to borrow overnight ... Generally speaking, when the Fed raises the funds rate, the prime rate goes ...
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    03/15/2022 - 1:00 pm | View Link
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