Williams confirms FOMC kept the federal funds rate at 4.25 to 4.5 percent.
“the FOMC decided at its meeting last week to leave the target range for the federal funds rate unchanged at 4-1/4 to 4-1/2 percent.”
Williams reports the FOMC held the federal funds rate at 3.5 to 3.75 percent.
“Accordingly, at its meeting last week, the FOMC decided to maintain the target range for the federal funds rate at 3-1/2 to 3-3/4 percent.”
Williams reports the EFFR has increased one basis point relative to IORB.
“Most recently, this has translated to a one-basis-point increase in the EFFR relative to IORB.”