fed funds

The new promise of intervention came as three-month US interbank rates rose for the eighth day in a row to 5.04 per cent, more than half a point higher than the US Fed Funds target rate of 4.5 per cent.

在欧洲央行做出新的干预承诺之际，美国3个月银行间利率已连续第8天升至5.04%，较美联储（Fed）4.5%的联邦基金目标利率高出逾半个百分点。

Ultimately, low Fed funds rate will anchor the longer term bond yield.

最终，低联邦基金利率将支持长期债券收益率。

Mortgages are often tied to 10-year yields rather than to the Fed funds rate.

按揭通常与10年期收益率挂钩,而不是与联邦基金利率挂钩.

But it is inaccurate, to state that reductions in the Fed funds target rate have been meaningless.

不过，下调联邦基金目标利率毫无意义的说法是不准确的。

But, more recently, the actual Fed funds rate has fallen much below the target rate, which is 1 per cent.

但最近，实际联邦基金利率已远低于1%的目标利率。

The Fed also shortened the term of some discount window loans and raised the minimum bid in the term auction facilities it uses to supply overnight funds to banks.

美联储还缩短了部分贴现窗口贷款期限，并提高了向银行提供隔夜资金的短期拍卖工具（term auction facilities）最低竞价。

That in theory should put a floor under the Fed funds rate.

那在理论上将铺上一层地毯在美联储资金利率下面.

Practically, the lower bound for the fed funds rate may be somewhat higher than zero.

实际上, 联邦基金利率的下限还是会高于零.

The Fed will unwind the balance sheet before they raise the fed funds rates.

美联储会先清理资产负债表,然后才会提高联邦基金利率.