Interbank Market News Scan: What retail traders should look at from the Federal Reserve perspective at 8:43 am EST.

The Stats …

30-Day Federal Funds Futures and Options: 95.135

Source: CME Group.

Effective Federal Funds Rate: 5.08%

Federal Funds Target Range: 5.00% to 5.25%.

Discount Window: 5.25%

Interest on Reserve Balances: 5.15%

U.S. Ten-Year Treasurys: 3.39%

EUR/USD=1.1026

USD/JPY=134.8500

GBP/USD=1.2650

AUD/USD=0.6747

NZD/USD=0.6299

Source: Board of Governors-Federal Reserve System.

https://traderswithedge.com/?r=348.

Today’s Definition: market maker.

“A firm or individual who actively quotes two-sided markets in a particular security by providing bids and offers (asks) along with the market side of each. Market makers provide liquidity and depth to markets and profit from the difference in the bid-ask spread. They may also make trades for their own accounts, which are known as principal trades.” — Investopedia.

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Disclaimer: The data and output from this blog post does not constitute investment or legal advice and is not a personal recommendation from Alton Drew.  Nothing contained herein constitutes the solicitation of the purchase or sale of any futures or options.  Any investment activities undertaken will be at the sole risk of the reader.  Alton Drew expressly disclaims all liability for the use or interpretation (whether by visitor or by others) of information contained herein. Decisions based on this information are the sole responsibility of the reader.  Any visitor to this page agrees to hold Alton Drew harmless against any claims for damages arising from any decisions that the visitor makes based on such information.

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