Michael Cloherty Quotes
Yesterday, the Fed's effective funds rate, the average of the funds rate that exists throughout the day, was 1.25 percent, way below their new 3 percent target. Today, it's even softer than that, below 1 percent. 
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Yesterday | Effective | Funds | Rate | Average |
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The underlying news is suggesting some continued strength in the economy. There's nothing to suggest any change from the Fed. Rates are going higher.
- Michael Cloherty
