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What Is the Federal Funds Rate and How Does It Affect Consumers?
Abstract: The Federal Open Market Committee (FOMC) sets a target for the fed funds rate. That has ripple effects on mortgages, car loans and interest on savings.
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https://www.stlouisfed.org/open-vault/2018/january/federal-funds-rate-affect-consumers
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https://fraser.stlouisfed.org/title/open-vault-9398/federal-funds-rate-affect-consumers-688196
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Provider: Federal Reserve Bank of St. Louis
Publication Date: 2022-09-28