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 stands at 0.08% as of November 1st, 2011.

This interest rate is the rate at which depository institutions actively trade reserves held at the Fed. The rate is at its lowest since 1954. This rate has been intentionally kept low by the government so as to stimulate a weak economy.

-From the St. Louis Federal Reserve.

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