Effective Federal Funds Rate At 0.08%

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Effective Federal Funds Rate

As reported today by the St. Louis Federal Reserve, the effective federal funds rate stood at 0.08% as of November 9th, 2011.

Currently, this overnight loan rate is at one of its lowest point in the last five decades. It may have intentionally been kept low by the government to make borrowing cheaper.

From the St.Louis Federal Reserve, reported by Disha Bheda

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