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What is Fed Funds Rate?

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FED Funds Rate

The policy rate applied to overnight lending between US banks. It is the starting point for the discount rate and funding cost of almost every asset, so when it moves, stocks, bonds, commodities, and crypto all react together. The market prices in the expected future path ahead of the current level.

Fed Funds Ratethe policy rate raised and lowered in stepsthis becomes the benchmark for all assets

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Fed Funds Rate meaning — Trading glossary | MarketSurfer