After this weekend's financial crisis the Fed's meeting on Tuesday takes on even more importance. The Fed is expected to cut the Fed Funds Rate from 3% to 2%.
In the United States, the federal funds rate is the interest rate at which private depository institutions (mostly banks) lend balances (federal funds) at the Federal Reserve to other depository institutions, usually overnight.[1] Changing the target rate is one form of open market operations that the Chairman of the Federal Reserve uses to regulate the supply of money in the U.S. economy.[2]
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