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27 August, 02:34

How does the Federal Funds Rate affect consumers looking to take out a loan?

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  1. 27 August, 04:20
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    The federal funds rate is the rate at which banks borrow money overnight So, when the Federals want to stimulate the economy, it will lower the short-term funds by borrowing the rate. Banks lower the interest rates that they would charge to get consumers to a higher state of loans.
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