The Fed Fund Rate is the interest rate banks charge each other for overnight loans of reserve balances, set within a target range by the Federal Reserve. It guides monetary policy, influencing borrowing costs, inflation, and employment. Savers, lenders, and investors benefit from higher rates; borrowers gain when rates are low.
Get alerts when this topic surges in newsletters. Free to start.
Sign up freeExplore more trends:Trending Topics ·AI Trends ·Business Trends ·Finance Trends ·Technology Trends