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Federal Funds Rate (Fed Funds Rate) History (Historical) – A Comprehensive History of The Federal Funds Rate, Also Known As The Fed Funds Rate, Inlcuding The Current Federal funds rate. federal funds Target Rate History From 1990 to The Present:
The Fed Funds Rate is the prescribed rate at which banks lend money to each other on an overnight basis. When the Fed Funds Rate is low, the Fed is attempting to promote economic growth.