Thanks to a sustained period of high interest rates, borrowing cash has been expensive in recent years. Credit cards have average rates near record highs currently, and personal loan rates are above ...

Interest rate swaps are used by institutions and businesses to manage cash flows and interest rate exposure. Swaps involve the exchange of cash flows between two parties, with an intermediary handling ...

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The federal funds rate, or fed funds rate, is the interest rate that U.S. banks charge each other for uncollateralized, overnight loans. As these short-term loans are a foundational part of banking ...

Hiranmayi Srinivasan is a former Associate Editor for Investopedia. She covered personal finance topics such as budgeting, saving, investing, and economic news at Investopedia between 2021 and 2025, ...