Ep 21: Give me 10!
An episode of the The Financial Purpose Podcast podcast, hosted by Dale Shafer II, CFP®, titled "Ep 21: Give me 10!" was published on May 3, 2023 and runs 22 minutes.
May 3, 2023 ·22m · The Financial Purpose Podcast
Episode Description
The Fed raised rates again today - the 10th hike in this current cycle.
Just 13 months ago the Fed funds range was 0.00%-0.25%; with today’s hike, it is now 5.00%-5.25%.
The Fed funds rate is one of the primary monetary policy tools. By raising this rate, the Fed is slowing a heated economy by indirectly influencing consumer and business borrowing rates.
In this episode of the Financial Purpose Podcast, I’ll explain at a high level what the Fed funds rate is, how it works, and what it could mean for the economy.
This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit thefinancialpurpose.substack.com
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