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 You may have heard them referred to as shells using the outdated Bohr Atom model.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 This model however is outdated.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%.
The federal funds rate is an important benchmark in financial markets. The interest rate that the borrowing bank pays to the lending bank to borrow the funds is negotiated between the two banks, and the weighted average of this rate across all such transactions is the federal funds effective rate.