The federal funds rate — often called the fed rate — is the interest rate that U.S. banks pay one another to borrow or loan money overnight. Since banks are legally required to keep a minimum amount of money in reserves, banks with excess reserves often loan money to banks that can’t meet those reserve... Cara Smith writes for NerdWallet.
BING NEWS:
- Fed's Kugler says data will drive Fed policy choices amid uncertainty
Federal Reserve Governor Adriana Kugler said on Friday the U.S. central bank is uncertain about what the economy will deliver in 2025 and will let upcoming economic data drive the course of monetary policy.
01/3/2025 - 8:36 am | View Link - The market expects inflation to be more stubborn than the Fed hopes, says Allspring's Margaret Patel
Margaret Patel, Allspring Investments senior portfolio manager, joins 'Power Lunch' to discuss the Fed and her economic forecast for this year.
01/3/2025 - 7:09 am | View Link - More
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