US Fed Funds Rate Pointed At Decline

Forex News
According to the New York Federal Reserve data, US fed funds rate dropped for the first time in 2 months after trading volumes hit its 3-week maximum. The effective or average interest rate on federal funds hit 1.91%, down from the prior 1.92%. The number of fed funds that changed hands made up 78 billion dollars, higher than the previous 69 billion dollars.