Sentences with phrase «effective federal funds rate target»
Not exact matches
Consequently, the Fed can no longer target the effective federal funds rate, and influence other short - term interest rates, just by making modest changes to the stock of bank reserves.
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The Federal Reserve states that open market operations regulate «the aggregate level of balances available in the banking system,» thereby keeping the effective Federal Funds Rate close to a target level.
Effective December 14 2017 the US Federal Reserve announced an increase in the Target Federal Funds rate, therefore raising the Wall Street Journal Prime Rate from 4.25 % to 4.rate, therefore raising the Wall Street Journal Prime Rate from 4.25 % to 4.Rate from 4.25 % to 4.5 %.