Assertion: federal fund rate | /r/HasAspect | direct effect
Facets:
value: often
type: TEMPORAL
value: on the u.s. economy
type: TRANSITIVE-OBJECT
Source sentences:
text: The federal funds rate is highly influential and often has a direct effect on the U.S. economy because it serves as a base for interest rates offered by various financial and credit institutions to businesses and consumers.﻿﻿ Fluctuations in the prime rate—the interest rate that banks charge their most creditworthy customers for loans, lines of credit and mortgages—follow those of the federal funds rate, generally running a few points above.﻿﻿