In chemistry an âorbitâ is the energy level that an electron resides in within an atom or molecule. You may have heard them referred to as shells using the outdated Bohr Atom model. According to the Bohr model, the first shell holds 2 electrons. This model however is outdated.
As of April 2017 the target range for the Federal Funds Rate is 0.75-1.00%. This represents the third increase in the target rate since tightening began in December 2015. The last full cycle of rate increases occurred between June 2004 and June 2006 as rates steadily rose from 1.00% to 5.25%.
Federal funds rate. The interest rate at which banks lend money to one another overnight to meet loan reserve requirements. The federal funds rate is a tool used by the Federal Reserve to control the supply of available money and hence, inflation and other interest rates. Raising the rate makes it more expensive to borrow. That lowers the supply of available money, which helps keep inflation in check.