英語牛人請解釋下
On Tuesday,the Federal Reserve moved to help calm financial markets in the United States,and around the world.The Federal Open Market Committee cut the federal funds rate by seventy-five basis points -- a week before it planned to meet.The move brought the rate that banks charge each other to borrow money overnight to three and one-half percent.
Federal Open Market Committee是什么組織?翻譯
The move brought the rate that banks charge each other to borrow money overnight to three and one-half percent.
為什么這個MOVE會令BANKS互相CHARGE?