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In the News - 9 Jan: Barry Bonds Mitt Romney Rupert Murdoch Santa Claus Pearl Harbor

Topic: Federal Funds Rate

Vital Stats

The Brain has inferred the following facts from reading text collected on the topic:

Favorite possession(s):

Credit card, Vacuum cleaner

Politics:

Capitalist

Currently has on their coffee table:

Better Homes & Gardens, Economist

Dream job(s):

Banker, Tax Collector

Favorite activity(s):

Paying off their mortgage

Interest(s):

Economics, Real estate

Favorite sport(s):

Bushwalking

Favorite online activity(s):

eBay Auctions

Ultimate fantasy(s):

Bankruptcy, Owning their own trailer, Getting off welfare

Worst habit(s):

Wasting money

Favorite quote(s):

"Distrust any enterprise that requires new clothes." - Henry David Thoreau (1817-1862)
"Behind every great fortune there is a crime." - Honore de Balzac (1799-1850)

Expert Talk

The Brain has selected interesting relevant sentences from the web. It automatically assigned them to some of our fictitious experts based on their personalities.

Brian Mengel,
Civil Servant

Federal Funds Rate: Interest rate charged by banks with excess reserves at a Federal Reserve district bank to other banks who need overnight loans.
Federal law must be changed so that pension funds need simply seek a reasonable rate of return, not the prevailing market rate, which greatly restricts where investments can be made.
All rates are in Canadian {CDN] funds and are subject to Ontario Provincial Sales Tax and Federal Goods and Services Tax.

John Fielding,
CEO

Federal Perkins Loan Students who demonstrate a need for financial assistance and a willingness to repay funds loaned to them at a low interest rate are eligible for these loans.
The Federal Reserve views sustained corporate spending and job growth as essential to an economic recovery and has justifiably left the federal funds rate unchanged at a 44-year low of 1.
The daily effective federal funds rate is a volume-weighted average of rates of trades arranged through the major brokers.

Mike Enlow,
Internet Marketer

Federal Funds Rate: Rates banks charge each other for overnight loans.
Technically, the federal funds rate has nothing to do with mortgage rates.

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