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by MuffinFlavored
1014 days ago
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> The Federal Open Markets Committee sets the federal funds rate—also known as the federal funds target rate or the fed funds rate—to guide overnight lending among U.S. banks. Why does the interest rate end up being close/near/the same as the overnight lending rate the Fed sets? Because why would anybody want any kind of risk when you can get XYZ interest rate risk free overnight short term? |
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