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US Fed funds 2.25% vs 2.30% prior

US Fed funds 2.25% vs 2.30% prior

Central Banks
Adam Button
19/09/2019 | 13:00 GMT

Fed funds effective rate

Fed funds breached the target yesterday on short-term funding strains. The FOMC cut the Fed funds rate to 1.75-2.00% yesterday so that's the new target range. They also lowered IOER to help relieve pressure.

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