| 单词 | federal_funds_rate |
| 释义 | Federal funds rate The daily federal funds effective rate (FFER), calculated by the Federal Reserve Bank of New York (New York Fed), is one measure of the overnight fed funds rate. The FFER is based on data voluntarily provided to the New York Fed by major fed funds brokers, and is a weighted-average rate of all overnight fed funds transactions arranged through these brokers each business day. This rateoften points to the direction of US interest rates. The most sensitive indicator of the direction of interest rates, since it is set daily by the market, unlike the prime rate and the discount rate. |
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