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The Federal Reserve has estimated that the proxy fed funds rate is 7%, higher than the official rate of 5.5%, according to Apollo's Torsten Slok. This quantification of the Fed's forward guidance and balance sheet policy provides insight into their monetary policy decisions.
"The Fed has quantified what their forward guidance and balance sheet policy mean for the fed funds rate, and their estimates show that the proxy fed funds rate is 7% rather than the official 5.5%." - Torsten SlΓΈk https://t.co/AU1CCQqClm
π΄ EFFECTIVE FED FUNDS RATE 5.33% OCT. 25TH VS 5.33% OCT. 24TH.
π΄ SECURED OVERNIGHT FINANCING RATE 5.3% OCTOBER 25TH VS 5.3% OCTOBER 24TH.
"The Fed has quantified what their forward guidance and balance sheet policy mean for the fed funds rate, and their estimates show that the proxy fed funds rate is 7% rather than the official 5.5%." - Apollo's Torsten Slok https://t.co/KpKlPO1pZi
π΄ EFFECTIVE FED FUNDS RATE 5.33% OCTOBER 24TH, UNCHANGED.
π΄ SECURED OVERNIGHT FINANCING RATE 5.3% OCTOBER 24TH, UNCHANGED.
π΄ EFFECTIVE FED FUNDS RATE 5.33% OCTOBER 23TH, UNCHANGED.
π΄ SECURED OVERNIGHT FINANCING RATE 5.3% OCTOBER 23TH , UNCHANGED.
π΄ EFFECTIVE FED FUNDS RATE 5.33% OCTOBER 20TH, UNCHANGED.
π΄ SECURED OVERNIGHT FINANCING RATE 5.3% OCTOBER 20, UNCHANGED.
πΊπΈ A history of US Fed Funds target rate, % https://t.co/AkhMyoiATr
π΄ EFFECTIVE FED FUNDS RATE 5.33% OCTOBER 19TH, UNCHANGED.
π΄ SECURED OVERNIGHT FINANCING RATE 5.3% OCTOBER 19, UNCHANGED.