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Federal Funds Target Rate - Upper Bound

FDTR:IND
0.50
0.00
0.00%
As of 7:45 AM EDT 7/28/2016
Open
0.50
Day Range
0.50 - 0.50
Volume
2
Previous Close
0.50
52Wk Range
0.25 - 0.50
Open
0.50
Day Range
0.50 - 0.50
Previous Close
0.50
52Wk Range
0.25 - 0.50
YTD Return
0.00%
Profile
A target interest rate set by the central bank in its efforts to influence short-term interest rates as part of its monetary policy strategy. The federal funds rate is the short-term interest rate targeted by the Federal Reserve's Federal Open Market Committee (FOMC) as part of its monetary policy. In December 2008, the target "fed funds" level was replaced by a target range, and this ticker represents the upper bound of that range, while the ticker {FDTRFTRL Index DES<GO>} provides the lower bound of that range.
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