英语牛人请解释下

题目

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?

答案

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.