91. Rates on car loans, mortgages and home equity loans, for example, tend to move up and down with the federal funds rate. 92. Restrained consumer prices are the intended result of a round of Federal Reserve increases in the federal funds rate on overnight bank loans. 93. Senior Fed staff members confirmed Saturday that they are recommending a quarter- to half-percentage-point increase in the federal funds rate on overnight interbank loans. 94. Sal Guatieri, an economist at Bank of Montreal, said the Fed will need more evidence of rapid growth to boost the fed funds rate so soon. 95. Several economists said they expected the Fed to cut by a quarter point the Federal funds rate, a benchmark short-term bank lending rate. 96. Sato said he still expected the Fed to boost the fed funds rate by another quarter of a percentage point in the months ahead. 97. Similarly, a reduction in the U.S. Federal funds rate probably would have weakened the U.S. currency. 98. Since the Hong Kong dollar is linked to the U.S. dollar at a fixed rate, the federal funds rate is automatically matched here. 99. Since January, the Federal Reserve has cut the target federal funds rate five times in an attempt to stimulate the economy. 100. Since then, the relationship between real economic growth and changes in the money supply and Fed funds rates has virtually disappeared. |