At close of business on 22 March 2023, 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 1 February 2023?
Closed Mar 22, 2023 07:01AM UTC
The US 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 21-22 March 2023.
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The question closed "Higher " with a closing date of 22 March 2023.
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