Market Write-Up 9/9/19
Good morning. This week’s write-up is going to be short. I will be spending time on different formats for future write-ups. Here are a few charts and calendars to keep you up to speed.
Word of the week:
Federal funds rate- The federal funds rate refers to the interest rate that banks charge other banks for lending them money from their reserve balances on an overnight basis.
- A committee of the Federal Reserve sets a target federal funds rate eight times a year, based on prevailing economic conditions. This is known as the FOMC.
- The federal funds rate can influence short-term rates on consumer loans and credit cards.
- Investors also pay attention to the federal funds rate because a rise or fall in rates can sway the stock market.
- Currently the federal funds rate is at 2.25%
Please send me any comments, questions, or criticisms. As always, thank you for reading.
Definition provided by Investopedia.com
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Economic calendars by Market Watch
Market performance by Barrons