Started
Jun 12, 2020 05:00PM UTC
•
Closing
Nov 05, 2020 08:01AM UTC
Foxes Ask:
At close of business on 5 November 2020, will the upper limit of the Federal Reserve's target range for the federal funds rate be lower, the same, or higher than it was at close of business on 16 September 2020?
The U.S. federal funds rate is the interest rate charged for overnight lending among financial institutions with accounts at the Federal Reserve and sets the base rate for borrowing costs across the financial system (Federal Reserve). The target range for the federal funds rate is set by the Federal Open Market Committee (FOMC). Its November meeting is scheduled for 4-5 November 2020.
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