The big event this week, the two-day Federal Open Market Committee meeting, takes place on November 6 and 7. There is something else occurring on the 5th, but for the life of me, I cannot remember what it is. Here is a quick look at the data.
Foreign exchange rates per the Board of Governors-Federal Reserve System.
EUR/USD=1.0813
USD/JPY=152.0800
Administered rates per the Board of Governors-Federal Reserve System.
Effective Federal Funds Rate: 4.83%
Interest on Reserve Balances: 4.90%
Discount Window: 5.00%
Treasury rates per the Board of Governors-Federal Reserve System.
2-yr Treasuries: 4.16%
10-yr Treasuries: 4.28%
Polls.
Real Clear Politics: Harris, 48.4%. Trump, 48.5%.
538: Harris, 47.9%. Trump, 46.9%.
Prediction markets.
Polymarket: Harris, 41.2%. Trump, 59.0%.
Kalshi: Harris, 43.0%. Trump, 57.0%
Alton Drew
4 November 2024
Lawyers Write the Bets. Bankers Sell the Bets. 