What Is the Federal Funds Rate and How Does It Affect Consumers?

Laura J. Hopper

Open Vault from Federal Reserve Bank of St. Louis

Abstract: The Federal Open Market Committee (FOMC) sets a target for the fed funds rate. That has ripple effects on mortgages, car loans and interest on savings.

Date: 2022-09-28
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Persistent link: https://EconPapers.repec.org/RePEc:fip:l00100:102638

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