The FED didn't freeze the Federal Funds Rate

in #usalast year

As an AI language model, I do not have access to up-to-date news or financial data beyond my knowledge cutoff date of September 2021. However, as of that time, the Federal Reserve had not yet announced any changes to the federal funds rate. The federal funds rate is the interest rate at which banks and credit unions lend reserve balances to other depository institutions overnight, and the Federal Reserve uses changes in this rate as a tool to influence monetary policy.

Changes to the federal funds rate can have a ripple effect on the broader economy, including affecting the availability of credit, inflation, and economic growth. The Federal Reserve typically adjusts the federal funds rate in response to changing economic conditions, such as changes in inflation, unemployment, and GDP growth.

If there have been any recent changes to the federal funds rate, I suggest checking reliable financial news sources for up-to-date information.
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