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× Federal Funds Rate
We have not left any stone unturned while compiling this article on Federal Funds Rate. Hope you too don't find an unturned stone after reading it. RW The Fed still thinks that it can control at least partially the effective federal funds rate through the manipulation of substitute interest rates. The only direction that the FOMC could target the effective funds rate is up . Never before have I written such an informative article on Federal Funds Rate. Hope you felt the same about it too!
Related stories from the web
Fed Funds Traded At Effective 4.52% Oct 10 (Nasdaq)
NEW YORK -(Dow Jones)- Federal funds traded at an effective rate of 4.52% Wednesday, the Federal Reserve Bank of New York said. Wednesday's fed-funds trading ranged from a low of 0.500% to a high of 4.938%, the New York Fed said.
UPDATE: Fed Injects Large Repo, Fed Funds Stay Above Target (Nasdaq)
NEW YORK -(Dow Jones)- The Federal Reserve injected a very large $16 billion into the financial system Wednesday morning, as the central bank battled to get the federal funds rate back to its target level.
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.
