Definition
Cost of borrowing money, set by central banks (policy rates) and transmitted through banking system (prime, mortgage, corporate lending rates).
Key Points
- 2026-09-16: US fed funds target 3.75%-4.00% after first hike in three years (2026-09-16-fed-rate-hike-cnbc)
- Global impact on EM currencies, capital flows, tech valuations, venture funding environment
- Turkish audience relevance: USD/TRY dynamics, EM risk sentiment
Fed forward guidance is policymaker signaling, not guaranteed outcome ( 2026-09-16-us-interest-rates-first-hike-three-years).