What You Should Know About the Federal Funds Rate

Not everyone tracks the state of the economy, but when the news reports that it’s taking a nosedive, that usually gets people's attention. There is one thing at the heart of our economy that can help you have a better understanding of how it all works, and that’s the federal funds rate.   In this episode, I’m going to break down what the federal funds rate is. Who sets it? And most importantly, why should you, as someone managing your or your family’s finances, care about it? The show notes can be found here: https://milmo.co/podcast/federal-funds-rate