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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: dpl who wrote (61848)5/24/2006 9:51:10 AM
From: CalculatedRisk  Read Replies (1) | Respond to of 110194
 
Actual:

Fed Funds effective:
"The daily effective federal funds rate is a weighted average of rates on brokered trades"

05/22/2006, 5.00
federalreserve.gov

05/01/2006, 4.84
05/02/2006, 4.79
05/03/2006, 4.81
05/04/2006, 4.83
05/05/2006, 4.83
05/08/2006, 4.88
05/09/2006, 4.78
05/10/2006, 4.88
05/11/2006, 4.99
05/12/2006, 5.01
05/15/2006, 5.01
05/16/2006, 4.98
05/17/2006, 4.96
05/18/2006, 5.00
05/19/2006, 5.00
05/22/2006, 5.00



To: dpl who wrote (61848)5/24/2006 9:54:58 AM
From: russwinter  Read Replies (1) | Respond to of 110194
 
The stop out rate now suggests they are well below 5.0%. To get up to the 5.0% they would actually have to drain, which apparently they can't or won't do right now. Based on what the Fed is actually doing (failing to hit the target) and overtalking data (weakening), I would now say a rate hike in late June is highly unlikely.