Daily Archives: Apr 24, 2019 at 07:00 am EDT

Fed Funds Rate Ticks Up To 2.44%–Highest Since 2008

The Federal Reserve’s decision in early 2019 to pause on interest rate hikes is widely credited as a key factor in the stock market’s U-turn this year following the sharp correction in equities in late-2018. But the recent uptick in the Effective Federal Funds rate (EFF) suggests that the central bank is still tightening monetary policy and perhaps laying the groundwork for another rate hike.
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Macro Briefing: 24 April 2019

Will the Supreme Court’s decision on the Census alter elections? NY Times
ISIS claims responsibility for Sri Lanka bombings: New Yorker
N. Korea’s Kim Jong-un visits Russia for summit with Putin: BBC
Fed’s key interest rate continues to rise: CNBC
UK will reportedly block China’s Huawei from core 5G network: Reuters
New US home sales rose to 1-1/2 year high in March: CNBC
US home prices rose 4.9% year-over-year in February: HousingWire
Fed’s Fifth District mfg activity moderated in April: Richmond Fed
S&P 500 and Nasdaq close at record highs: WSJ