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Federal key rates

Federal key rates Definition

Federal key rates represent a tool of monetary policy. The Federal Reserve System carries out its policy by influencing - raising and lowering - interest rates. The key rate is the interest rate at which major financial institutions lend funds among themselves. The Fed defines a target level for that rate. Modification of the key rate influences other interest rates, such as those for consumer loans and mortgages. It can also affect the exchange rate of the US dollar.




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