Fed Fund Rate It is the interest rate that banks charge each other to lend the Fed money for each night.
Banks borrow these funds from each other to meet and maintain the strict requirements of the US central bank.
This interest is short-term and is closely monitored because it indicates the Fed's view of the state of the amount of cash in circulation in this period and depends mainly on The Associated economic data such as inflation, growth and wages.
Fed policymakers left interest rates for May unchanged at the range of 5.25% and 5.50%, for the sixth meeting in a row.
