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Fed Funds are interesting to read about. This is what prompted us to write an article on Fed Funds for you to read. The new facility created by the Fed is meant to bolster the money market mutual fund industry.. Check out TheStreet for the latest stock market news and financial investment headlines. We hope that through reading of this article on Fed Funds, interest in Fed Funds is once again activated.
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Fed Funds Traded At Effective 4.77% Oct 5 (Nasdaq)
NEW YORK -(Dow Jones)- Federal funds traded at an effective rate of 4.77% Friday, the Federal Reserve Bank of New York said. Friday's fed-funds trading ranged from a low of 4.5% to a high of 5.5%, the New York Fed said.
Fed members all backed bold rate cut (Reuters via Yahoo! News)
All members of the U.S. Federal Reserve's policy-setting committee agreed a half-percentage point federal funds interest rate cut was necessary to shield the economy from credit disruptions and an intensifying housing slowdown, minutes of their September 18 meeting released on Tuesday showed.
Fed Minutes Show Credit Crunch Fears Key Worry Behind Cut (Fox News)
Fears of a credit crisis and housing slump led Fed policymakers to unanimously agreed to slash interest rates by one-half percentage point last month
