Assertion: federal fund rate | /r/HasProperty | set by the fomc
Facets:
value: for implementing u.s. monetary policies
type: PURPOSE
Source sentences:
text: Federal funds rate is the target interest rate set by the FOMC at which commercial banks borrow and lend their excess reserves to each other overnight.
text: The U.S. prime rate is determined by adding 3 percentage points to the federal funds target rate, which is the interest rate set by the Federal Reserve's policy-making Federal Open Market Committee, or FOMC.
text: The target federal funds rate is a target interest rate that is set by the FOMC for implementing U.S. monetary policies.