Tag: effective federal funds rate

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What is the federal funds rate? Should the Fed worry about not meeting its mandates under law?

Today’s rates …. 30-Day Federal Funds Futures: 94.69. Effective Federal Funds Rate: 5.33%. Interest on Reserve Balances: 5.40%. Discount Window: 5.50%. CME FedWatch: 96.8%. EUR/USD=1.0931. GBP/USD=1.2594. USD/JPY=149.6608. (Foreign exchange rates as of 7:38 pm EDT.) Today’s definition … Federal funds rate-the interest rate at which depository institutions lend reserve balances to other depository institutions overnight. … Continue reading What is the federal funds rate? Should the Fed worry about not meeting its mandates under law?

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Interbank market: Federal Reserve rates for a holiday shortened week and Fed clarity.

Today’s rates … 30-Day Federal Funds Futures: 94.70. Effective Federal Funds Rate: 5.33%. Interest on Reserve Balances: 5.40. Discount Window: 5.50%. EUR/USD=1.0923. USD/JPY=149.4885. Today’s definition …. interbank market– “The interbank market is a global network utilized by financial institutions to trade currencies and other currency derivatives directly between themselves. While some interbank trading is done by banks on … Continue reading Interbank market: Federal Reserve rates for a holiday shortened week and Fed clarity.

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Crypto: If passed, how long will regulators hold back from chipping away at the Keep Your Coins Act?

The takeaway … Last week, U.S. Senator Ted Budd, Republican of North Carolina, introduced S.3229, the Keep Your Coins Act. The bill prohibits Federal agencies from restricting the use of convertible virtual currency by a person to purchase goods or services for the person’s own use, and for other purposes. Customers are allowed, under the … Continue reading Crypto: If passed, how long will regulators hold back from chipping away at the Keep Your Coins Act?

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Georgia and the Fed: Is Atlanta putting too much housing supply out there?

The takeaway …. Driving through the streets of Atlanta and new apartment building development appears on the rise. I shudder to think what rents may be for these new developments. I have seen prices for new multi-family developments in the East Atlanta/Inman Park/Reynoldstown area starting at purchase prices in the upper $500K range. Yes, the … Continue reading Georgia and the Fed: Is Atlanta putting too much housing supply out there?

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Something stands out about foreign exchange broker spreads for the US dollar and Moroccan dirham.

The takeaway … I received a view of my blog from Morocco. That is the cool thing about this blog; I get to engage with people from around the world. I have never been to Morocco or the African continent for that matter. My son has been to Morocco and I have family in The … Continue reading Something stands out about foreign exchange broker spreads for the US dollar and Moroccan dirham.

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Foreign exchange, fed funds futures, and bond yields as of 9:35 am EST

The takeaway …. The Federal Open Market Committee is expected to announce no change in the target range for the federal funds overnight rate. The current target range is 5.25-5.50%. The federal funds rate is the rate banks charge for lending their reserves to each other overnight. The current effective (weighted) rate is approximately 5.33%. … Continue reading Foreign exchange, fed funds futures, and bond yields as of 9:35 am EST

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Interbank market: At 11: 56 pm EST, no change in the 30-day Federal Funds Futures …

The data … 30-day Federal Funds Futures: 94.55 Interest on Reserve Balances: 5.40% Discount Window: 5.50% Effective Federal Funds Rate: 5.33% U.S. Treasury 10-year bond: 4.91% The takeaway … Between August 2022 and August 2023, the U.S. monetary base has fallen 2.36%. The monetary base is comprised of currency in circulation and reserve balances. Currency … Continue reading Interbank market: At 11: 56 pm EST, no change in the 30-day Federal Funds Futures …

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Interbank market: At 8:29 am EST. Federal Reserve reference rates and fed funds options rate.

30-day Federal Funds Futures: 94.55 Interest on Reserve Balances: 5.40% Discount Window Rate: 5.50% Effective Federal Funds Rate: 5.33% EUR/USD: 1.0571 GBP/USD: 1.2202 We will circle back around later today after taking a look at Federal Reserve sentiment and any other political action that may impact the betting markets. Banks broker the bets. Lawyers write … Continue reading Interbank market: At 8:29 am EST. Federal Reserve reference rates and fed funds options rate.