How Does the Federal Funds Rate Work? And Where is it Today?
The federal funds rate is one of the Federal Reserve’s key tools for guiding U.S. monetary policy. It impacts everything from the annual percentage yields (APYs) you earn on savings accounts to the rate you pay on credit card balances, which means the fed funds rate effectively dictates the cost of money in the U.S. economy.
Fed Minutes Series #1: https://thrive33.com/jackson-hole-what-is-the-event-and-why-is-it-so-important/
Fed Minutes Series ##2: https://thrive33.com/fed-minutes-series-2-full-recap-of-the-latest-fed-rate-hike-november-2022/