Question 71 of 107 in In the News 2021
Started Nov 06, 2020 06:00PM UTC   •   Closing Mar 17, 2021 07:01AM UTC

At close of business on 17 March 2021, 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 27 January 2021?

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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 March meeting is scheduled for 16-17 March 2021.

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Name Probability
Lower 0%
Same 100%
Higher 0%

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