Since 2008, the Fed has kept the federal funds rate, or the banks’ overnight borrowing rat, near zero. Now more confident about prospects for growth and inflation, policymakers are preparing to raise those short-term rate.
Since 2008, the Fed has kept the federal funds rate, or the banks’ overnight borrowing rat, near zero. Now more confident about prospects for growth and inflation, policymakers are preparing to raise those short-term rate.