Jun

Why the Fed Tweaked an Obscure Interest Rate This Week

The Federal Reserve has formidable powers to help steer the United States’ $20 trillion economy. So when it makes even the smallest of tweaks to one of its tools, take note.

On Wednesday, the central bank adjusted how it sets the interest rate on excess reserves. For those unwilling to go down the rabbit hole: Just know that the apparent aim of the change is to make sure that monetary systems function smoothly as the United States economy heats up…

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Why the Fed Tweaked an Obscure Interest Rate This Week

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