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

Alton Drew, , , ,

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.

amazon.com/author/altondrew.

Disclaimer: This information is not being offered as legal or financial advice. Contact your legal or financial advisors before trading on any information.

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Published by Alton Drew

I graduated from The Florida State University with a Bachelor of Science in economics and political science (1984); a Master of Public Administration (1993); and a Juris Doctor (1999). I am a member of the Maryland Bar and practice political law. You can follow me on Twitter @altondrew. You can email me at altondrew@altondrew.com.