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Illya Gerasymchuk
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User Illya Gerasymchuk -

2025-07-31 09:50

the FED sets a target interest rate range and 4 main explicit interest rates: 1️⃣ Overnight Reverse Repo Rate (ON RRP) 2️⃣ Interest on Reserve Balances (IORB) 3️⃣ Discount Rate - also known as Lending Rate 4️⃣ Standing Repo Facility (SRF) more on them later (keep reading 😁)

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the federal reserve does not set a single interest rate instead, the FED sets a target interest rate range (the federal funds target range) alongside 4 main explicit interest rates

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