Fed

 Yesterday, many people followed the decisions taken by Fed Chairman Powell with eagerness, the most important of which was an increase in interest rates by 75 basis points.

This decision has affected many expectations about the effects of this decision on the stock markets, whether American or international, so today I present to you the details of the subject by answering a set of important questions.

What the Fed means?

Fed is an abbreviation of the name of the Federal Reserve Bank and it is considered the most important federal government agency, operating in the United States as the work of central banks in other countries of the world. It was established on December 23, 1913 under the Federal Reserve Act, after a series of financial crises, as the need arose to subject the financial system to central control in order to reduce the negative effects of economic crises.

His decisions are responsible for the rise in the prices of many currencies and also the impact of some metals such as gold on his decisions to increase or reduce interest and monetary tightening decisions and other procedures authorized by him.

What does the Fed actually do?

After exposure to many economic crises, it was necessary to establish a system with the primary objective of facing financial crises.

Fed is created

 Among the most important objectives of the Federal Reserve System are the following:

Solve the dilemma of running to the banks.

Work as the central bank of the United States.

Maintaining the balance of the financial system and preventing systemic risks in the financial markets.

What does the Fed rates mean?

There are many rates that the Federal Reserve issues in a role to control the markets and achieve the previously mentioned goals. To sum it up, we offer you the most important of these rates, which is the interest rate.

The interest rate is the rate that the central bank pays on the deposits of commercial banks, whether it is an investment for one night or for a month or more.

How does the Fed rate affect the economy?

After reading the good article, you appear to have goals that the US Federal Reserve seeks to achieve, so you can form a simplified idea of ​​the impact of this system on the markets and currency rates

Federal Reserve Board announces approval of application by Bank First Corporation

The Federal Reserve Board on Wednesday announced its approval of the application by Bank First Corporation, Manitowoc, Wisconsin, to merge with Denmark Bancshares, Inc., and thereby indirectly acquire its subsidiary bank, Denmark State Bank, both of Denmark, Wisconsin.

Attached is the Board's order relating to these actions.