What is LIBOR and is it important? Libor, which is short for the London Interbank Offered Rate, is a published daily interest rate benchmark or the basis for many other interest rates. If you have heard of it, that might be because it was at the center of a...
In recent online focus groups, Federal Reserve researchers presented 44 small-business owners with basic information about a loan and asked them to estimate the interest rate. The business owners’ responses were telling. The Fed study discovers small-business...
