December 2019
Yil Surehan
December 2019
Dec 18, 2019Pop the Cork!
December 2019
Dec 18, 2019Mountain Magic
December 2019
Dec 16, 2019Oceanside Oasis
December 2019
Dec 16, 2019Mice: Jeddah
December 2019
Dec 13, 2019December 2019
Dec 13, 2019Ups and Downs
THE FEDERAL FUNDS RATE is the interest rate targeted by the Federal Reserve. It is the interest rate banks charge each other for overnight loans. After the recent cut on Oct. 30, 2019, the third cut this year, the rate will hover between 1.5 percent and 1.75 percent. The federal funds rate is not the rate used by banks for lending to individuals and businesses; that is the prime interest rate, currently at 4.75 percent. Since 1994 banks commonly calculate the prime interest rate as the federal funds rate plus 3 percent (in this case 1.75 percent plus 3 percent). Every U.S. bank sets its own prime rate; however, most utilize the same one.
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December 2019
Dec 13, 2019Peak Performance
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