The Federal Open Market Committee (Fed) – or as we affectionately call them, the “smarty pants” of the banking world – announced today that it will again hold its Fed funds rate at the 0% – 0.25% target range. (What the heck is the Fed funds rate and why should I care?) While the Fed [...]
Posts Tagged ‘Fed funds’
Fed Holds Key Rate, Making Other Significant Changes
November 4, 2009What the Heck Is the Fed Funds Rate and Why Should I Care?
September 23, 2009The Federal Open Market Committee (FOMC) – a bunch of smarty-pants from the Federal Reserve Board and Federal Reserve Bank – meet eight times a year to talk about money issues, one of them being the federal, or “fed,” funds rate. The fed funds rate is the rate at which banks lend money to one [...]
Fed Leaves Key Rate Unchanged, Sees Signs of Economic Improvement
September 23, 2009The Federal Open Market Committee, aka the “Fed,” announced today that it will keep its fed funds rate at the 0% to 0.25% target range. The fed funds rate is the rate at which banks loan money to one another and may impact the interest rates on your credit cards, savings accounts, short-term loans (like [...]
Best of Home, Money & Credit – Week of Sept. 20
September 25, 2009Friday’s here (yippee!) and so is your weekly roundup. The most interesting articles and blog posts about your home, money, credit and life straight from the Quizzle Twitter page: Credit Reports, Scores & Cards 6 Credit Card Traps to Avoid Now (Smart Money) Rates, fees and awards – Oh my! Don’t get stuck with a [...]