money market account - Quizzle Wire

What the Heck Is the Fed Funds Rate and Why Should I Care?

September 23, 2009 By Ann-Marie Murphy

Translation of the Federal Reserve Press Release

The 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 … [Read more...]

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Fed Leaves Key Rate Unchanged, Sees Signs of Economic Improvement

September 23, 2009 By Ann-Marie Murphy

Translation of the Federal Reserve Press Release

The 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 … [Read more...]

Quizzle.com is the easiest way to get a complete understanding of your credit. Visit Quizzle.com to get your free credit report and score. No credit card or social security number necessary!

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