Lesson · from Delta Circle on NESO Now

What the federal funds rate is

A short lesson, in plain words. The federal funds rate is the interest rate charged by banks to borrow from each other overnight.

The Federal Reserve sets a target range for it. Changes to that target range influence short-term interest rates for other financial instruments, which in turn affect the spending decisions of households and businesses.

Where this comes from

www.federalreserve.gov/economy-at-a-glance-policy-rate.htm

Last aired Friday, October 23, 2026. Each point repeats the page it is drawn from; that page governs.

This is read live, around the clock. The three NESO Now streams keep reporting new figures, federal rules, funding and bids as they are published.

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