Fed Funds Effective 4.22%

Discussion in 'Economics' started by kashirin, Nov 8, 2007.

  1. Jaxon


    No... look at the range, from 2.75% to 5.5% on that day. It's not always easy to pinpoint exactly 4.25%. The NY Fed trading desk tries, but it's easy to overshoot one way or the other. In this environment they might err on the low (rate) side.