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2. Federal funds rate - Wikipedia

   en.wikipedia.org/wiki/Federal_funds_rate

   It is an interest rate the Fed pays to banks for holding their funds at the Federal Reserve Bank. Because this offers a risk-free way to earn interest on their funds, banks do not tend to lend to each other at rates below the IORB, effectively setting a floor for the federal funds rate.

3. Fed pauses interest rate cuts despite Trump’s call to lower ...

   www.aol.com/finance/fed-holds-interest-rates...

   Yields on savings accounts at the nation’s biggest banks, such as Chase and Bank of America, are the same today as they were when the Fed’s key rate was near-zero, hovering between 0.01-0.05 ...

4. Savings interest rates today: Take home boosted yields of up ...

   www.aol.com/finance/savings-interest-rates-today...

   Savings rates strongly correlate with the target interest rate set by the Federal Reserve, the country’s central bank. This Fed rate is the benchmark that affects interest rates set for deposit ...

5. What Is the Federal Funds Rate? See the Current Rate, How It ...

   www.aol.com/federal-interest-rates-ve-changed...

   The Federal Reserve interest rate is a vital part of that policy. ... Unemployment had dropped, inflation was below 3% and the federal bank interest rates sat at 3%. However, as The Brookings ...

6. Federal Reserve cuts its key interest rate by a quarter-point ...

   www.aol.com/federal-set-cut-interest-rates...

   The Federal Reserve cut its key interest rate Thursday by a quarter-point in response to the steady decline in the once-high inflation that had angered Americans and helped drive Donald Trump’s ...

7. Monetary policy of the United States - Wikipedia

   en.wikipedia.org/wiki/Monetary_policy_of_the...

   The Federal funds rate is a market interest rate, being the rate at which banks and credit unions lend reserve balances to each other overnight on an uncollateralized basis. The Fed consequently does not determine this rate directly, but has over time used various means to influence the rate.