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ZIRP Is An Anomaly

For the United States (U.S.) federal funds interest rate, the period between 2009 and early 2022 (besides a short period between 2017 and early 2020) was known as the zero-interest rate period, or ZIRP, as a response to and result of one of the biggest financial events known as the Great Recession. Although “zero” was […]

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