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Federal funds rate: Difference between revisions
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The Federal Funds Rate is given in a range currently in a range between 4.25-4.5. | The Federal Funds Rate is given in a range currently in a range between 4.25-4.5. | ||
Major Facilities: ON RRP = Overnight Reverse Repurchase Agreement (currently 4.3%) which serves as the floor to lower interest rates as eligible institutions can park their money there [https://www.newyorkfed.org/markets/rrp_faq] | Major Facilities: ON RRP = Overnight Reverse Repurchase Agreement (currently 4.3%) which serves as the floor to lower interest rates as eligible institutions can park their money there [https://www.newyorkfed.org/markets/rrp_faq] | ||
EFFR = Effective Federal Funds Rate (currently 4.33%) which are weighted overnight borrowings between Banks [https://fred.stlouisfed.org/series/EFFR]. | EFFR = Effective Federal Funds Rate (currently 4.33%) which are weighted overnight borrowings between Banks [https://fred.stlouisfed.org/series/EFFR]. | ||
IORB = Interest Rate on Reserve Balances (currently 4.4%) [https://fred.stlouisfed.org/series/IORB] | IORB = Interest Rate on Reserve Balances (currently 4.4%) [https://fred.stlouisfed.org/series/IORB] | ||