One of the mysteries of the English language finally explained.
1Surpluses of reserve deposits held in the Federal Reserve system, which can be traded between member banks; federal funds.
2Attributive (also in singular) of or relating to the active trade in surpluses of federal funds, as "Fed funds rate", "Fed funds target", etc.
1960s; earliest use found in Barron's National Business & Finance Weekly.
In this article we explore how to impress employers with a spot-on CV.