(US, economics) The Federal Reserve Wire Network, a real-time gross settlement funds transfer system operated by the US Federal Reserve Banks.
(US, economics) The Federal Reserve Wire Network, a real-time gross settlement funds transfer system operated by the US Federal Reserve Banks.
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Regional slang from around the English-speaking world — British, Australian, Irish, Caribbean, Nigerian, Filipino, AAVE, and the hyphenated-English dialects that make the internet sound local.
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(US, economics, banking, nonstandard) Federal Reserve System. .
(US, economics) The Federal Reserve System.
(US, economics) The Federal Reserve Board.
The Federal Reserve — the Fed for short — is the central banking system of the United States, founded in 1913 to stabilise the country's financial system. In everyday conversation it's shorthand for the body that sets interest rates, moves markets, and gets blamed for everything from mortgage prices to recessions. When someone says 'the Fed raised rates', they mean the Federal Reserve Board has made a decision that will ripple through every wallet in America.