Interest rates federal reserve: The federal funds rate is the interest

The federal funds rate is the interest rate charged by banks to borrow from each other overnight. The Federal Reserve influences this rate through monetary policy decisions. The Federal Reserve was widely expected to lower interest rates by a quarter point in order to support the waning job market. Announcements This feed provides information about selected interest rate data from the Federal Reserve Board's H.15 release available through the Data Download Program (DDP). The Federal Reserve boosted its benchmark rate after inflation soared to a 40-year high in 2022. The Fed started cutting in 2024 as the inflation rate dipped, but has held it steady since...