The Federal Reserve should keep its fed funds target rate very low for a long time and complete its asset purchasing program as scheduled, Cleveland Federal Reserve Bank President Sandra Pianalto said on Thursday.
Many bulls seem to think that all the equity market needs to keep moving higher (following the sharp correction that took place in recent months) is an accommodative Federal Reserve. Based on the following graph, which charts the relationship...
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The Fed Funds target rate is the overnight lending rate which the Fed attempts, through money market operations, to obtain. In practice, the actual Federal Funds Rate (US.FED-G) fluctuates around the target rate.