The Federal Reserve targets an interest rate called the federal funds rate (FFR). The three rates the Fed sets to reach its FFR target range are: the discount rate, interest on reserve balances (IORB) ...
Even some of those who supported the rate cut acknowledged "the decision was finely balanced or that they could have ...
OTTAWA--The Bank of Canada cut its main interest rate last month even though some policymakers pushed to hold off until a later date so officials could have a better gauge of labor-market weakness and ...