英语牛人请解释下

问题描述:

英语牛人请解释下
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是什么组织?翻译
The move brought the rate that banks charge each other to borrow money overnight to three and one-half percent.
为什么这个MOVE会令BANKS互相CHARGE?

周二,美国联邦储备委员会动议,以帮助平息金融市场在美国,及世界各地.美国联邦公开市场委员会削减联邦基金利率75个基点-前一个星期,它计划,以应付.此举所带来的利率即商业银行对方借钱通宵为3和1 -半个百分点.
美国联邦公开市场委员会
此举所带来的利率即商业银行对方借钱通宵为3和1 -半个百分点.