Economy

Fed Funds Path as of Noon ET

From CME:

Figure 1: Effective Fed funds (bold black), from futures as of 7/26 (teal), as of 8/2 (red), and of 8/5 noon ET (light blue), in %. Source: Fed, CME, author’s calculations.

Note the ten year Treasury yield also fell at open:

Note: Central Time.

 


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