, lifting the benchmark short - term federal funds rate by a quarter percentage point to a range of 1.25 to 1.5 percent. (cryptotimes.news)
The increased federal funds rate will have a direct, though minimal, impact on multiple financial products, including credit cards and auto loans. (valuepenguin.com)
The rate on required reserves will be set equal to the average target federal funds rate over the reserve maintenance period. (stlouisfed.org)