New York Fed data show SOFR unchanged at 3.65% and effective fed funds rate at 3.63%
According to data from the New York Fed, on the last trading day (July 29, the day of the Federal Reserve’s policy decision), the secured overnight financing rate (SOFR) was 3.65%, unchanged from 3.65% the day before. The effective federal funds rate was 3.63%, also unchanged from 3.63% the day before.