Author: US Fed Rate Administration Staff

Interbank lending rates are crucial components of the financial system, referring to the rates at which banks lend to each other. These rates are significant because they influence the availability and cost of money and credit throughout the banking system. While “interbank lending rates” is a global term, in the context of the United States,…

The Federal Open Market Committee (FOMC) is a component of the Federal Reserve System, the central bank of the United States, and is charged with overseeing the nation’s open market operations. This body plays a crucial role in American economic policy by setting short-term interest rates and controlling the supply of money in the U.S.…