Finance & markets · 18/04/20171 min read
Federal Reserve to Increase Interest Rates on Excess Reserves and Excess Balances
The Federal Reserve is raising interest rates on excess reserves and excess balances to 1.00 percent, a 0.25 percentage point increase, in an effort to influence the federal funds rate and move it into the target range established by the Federal Open Market Committee.
Original source language: Federal Register — Federal ReserveOpen original release →