As of September 2024, the federalfundsrate is at a target range of between 4.75% and 5%. When the federalfundsrate increases, borrowing money becomes more expensive for banks, and ...
The U.S. Federal Reserve will cut the federal funds rate by 25 basis points in both November and December, according to a strong majority of over 100 economists in a snap Reuters poll.
The federalfundsrate, which is set by the Federal Reserve, is the target range at which banks borrow and lend money to one another overnight. But it impacts much more than just those banks ...