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7 September, 04:16

The federal reserve's target rate for the federal funds rate

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  1. 7 September, 07:10
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    The federal funds rate is the interest rate for the funds of the Federal Reserve when they're lent.

    The Federal reserve Open Market Comitee sets a desired target interest rate and currently, this rate is from 0.25-0.5%. (this is the rate for 4/29/16 - before this, it was kept even lower, at below 0.25%.
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