Fed funds breaches Fed target. Hits 2.30%

Author: Adam Button | Category: Central Banks

Not a good sign

Fed unable to keep overnight borrowing rates on its target of 2.00-2.25%. Some analysts where highlighting the likelihood that this would happen because of the funding troubles in the repo market.

Powell better have a good explanation and a solution to what's happening in the repo market.

ForexLive
By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose