: reserve funds lent overnight by one Federal Reserve bank to another
Example Sentences
Recent Examples on the WebThe central bank has raised the federal funds rate four times this year in a move to slow the economy and arrest spiraling inflation. Irina Ivanova, CBS News, 13 Sep. 2022 All signs now seem to point to the Fed raising the federal funds rate by another 0.75 points later this month. Kate Aronoff, The New Republic, 9 Sep. 2022 So far this year, the Fed has raised rates four times in an attempt to combat inflation, pushing the federal funds rate to nearly 2.5%. Will Daniel, Fortune, 27 Aug. 2022 The Fed’s four rate increases this year have raised the federal funds rate to a range of 2.25 to 2.5 percent, the boldest set of increases in the rate since the 1980s. Kathy Orton, Washington Post, 25 Aug. 2022 Officials have already lifted the federal funds rate from near-zero in March to a range of 2.25-2.5 percent in July, making for the fastest series of policy moves since the 1980s. Jeanna Smialek, BostonGlobe.com, 25 Aug. 2022 The Fed has raised the federal funds rate only from 0.08% in March to 2.33% in August. John H. Cochrane, WSJ, 24 Aug. 2022 The Atlanta school district launched a service with Emory University using federal funds to provide mental health services. Michael Casey, Fortune, 27 Aug. 2022 The Atlanta school district launched a service with Emory University using federal funds to provide mental health services. Michael Casey, ajc, 26 Aug. 2022 See More