According to data from the Federal Reserve Bank of New York, the Secured Overnight Financing Rate (SOFR) was 3.66% on the previous trading day (July 1, the day before the Non-Farm Payrolls report was released), compared to 3.68% the day before.
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The effective federal funds rate for the previous trading day was reported at 3.63%, unchanged from the previous day’s 3.63%.
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