As is often the case with 21st-century updates biggest changes to the VW camper vans comes under the hood and in the dash. Under the hood, the California sports a new, Euro-6 level emissions compliant diesel engine that develops 148 hp. Thatâs 10 more hp than the outgoing T5 model, but the T6 gets 44.1 MPG, as opposed to the T5âs 39.2 mpg rating.
Definition: The Fed funds rate is the interest rate banks charge each other to lend Federal Reserve funds overnight. These funds maintain the Federal reserve requirement. That's what the nation's central bank require they keep on hand each night.
United States Prime Rate: The Current U.S. (Fed) Prime Rate is: 4.50% December 13, 2017: The FOMC has voted to raise the target range for the fed funds rate, from 1.00% - 1.25% to 1.25% - 1.50%. Therefore, the United States Prime Rate is now 4.50%, effective tomorrow (December 14,2017.) The next FOMC meeting and decision on short-term interest rates will be on January 31, 2018. Prime Rate Definition. The U.S. Prime Rate is a commonly used, short-term interest rate in the banking system of the United States.