Despite 1.5% Target, Fed Fund Rate Is Below 1%

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Despite 1.5% Target, Fed Fund Rate Is Below 1%

By Mark Perry on October 26, 2008 | More Posts By Mark Perry | Author's Website

Since the FOMC cut its target Fed Funds rate to 1.50% two weeks ago on October 10, the average actual Fed Funds rate has actually been below 1% (.92%), and has been below 0.80% over the last week.

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