In 2022, the median forecast of the federal funds interest rate was raised to1.9% (0.9% in February and 1.6% in February), and the median forecast in 2023 was 2.8%, and the long-term interest rate remained at 2.4%. This round of interest rate hike is higher than the long-term equilibrium interest rate, which means higher interest rate.

A fund is a reserve of funds or a special appropriation for starting, maintaining or developing a cause. Broadly speaking, funds are the collective name of institutional investors, including trust investment funds, unit trust funds, provident funds, insurance funds, retirement funds and funds of various foundations.