Lates News

According to data from the Federal Reserve Bank of New York, the overnight financing rate was reported at 4.34% on the previous trading day, down from 4.37% the day before. In the early trading session on July 16th, media reports indicated that President Trump was considering firing Federal Reserve Chairman Powell and sought opinions from Congress on this intention. Trump later denied this. The effective federal funds rate was reported at 4.33% on the previous trading day, unchanged from the day before.