Thanks to the Federal Reserve’s decision to drop their target Fed Funds rate to an all-time record of 0.00% to 0.25%, the subject of this week’s chart of the week is a no brainer.
The Fed has 55 years of Fed Funds rate data and I have chosen to highlight not the target rate announced by the FOMC, but the daily effective federal funds rate, which is a volume-weighted average of rates on trades arranged by major brokers.
Not surprisingly, Friday’s effective Fed Funds rate of 0.11% is a record low, but that record was actually established on December 10th and tied again on Friday.
For history buffs, the record high of 22.36% dates back to July 22, 1981. The average Fed Funds rate since 1954 is 5.62%.
[source: Federal Reserve Bank, VIX and More]
Effect of Sand Washing Machine Sandstone Washer These are proved to be the best home coffee grinders. It is an essential kitchen appliance that helps in saving time when cooking a variety of foods. In 1956 that same genius and passionate coffee loving man, Gaggia, introduced the Gaggia Gilda machine, which was suitable for home use, it was a dual lever piston single group machine.
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