According to data from the Federal Reserve Bank of New York, the Secured Overnight Financing Rate (SOFR) was reported at 3.65% on the previous trading day (July 29, the day of the Federal Reserve's rate decision), unchanged from 3.65% the day before. The effective federal funds rate on the previous trading day was reported at 3.63%, unchanged from 3.63% the day before
According to data from the Federal Reserve Bank of New York, the Secured Overnight Financing Rate (SOFR) was reported at 3.65% on the previous trading day (July 29, the day of the Federal Reserve's rate decision), unchanged from 3.65% the day before. The effective federal funds rate on the previous trading day was reported at 3.63%, unchanged from 3.63% the day before.
