Guide to the Federal Funds Rate

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Editor’s note: Lantern by SoFi seeks to provide content that is objective, independent and accurate. Writers are separate from our business operation and do not receive direct compensation from advertisers or partners. Read more about our Editorial Guidelines and How We Make Money.
What Is the Federal Funds Rate?
Why do banks have to borrow money?
How Does the Federal Funds Rate Work?
What Does the Federal Funds Rate Impact?
How Is the Federal Funds Rate Determined?
Core inflation rate Durable goods orders report Consumer spending Pricing trends (including housing) Wages and income Employment/unemployment Foreign exchange markets Business investments Supply and demand
Federal Funds Rate vs Regular Interest Rates
How the Federal Funds Rate and Prime Rate Interact
Federal Funds Rate and Consumer Lending
Mortgages
Personal Loans
Student Loans
Auto Loan
Credit Cards
Small Business Loans
The Takeaway
Frequently Asked Questions
About the Author
Lauren Ward is a personal finance expert with nearly a decade of experience writing online content. Her work has appeared on websites such as MSN, Time, and Bankrate. Lauren writes on a variety of personal finance topics for SoFi, including credit and banking.
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