Group 1 - The secured overnight financing rate (SOFR) on November 7 was reported at 3.93%, an increase from the previous day's rate of 3.92% [1] - The effective federal funds rate on the same day remained unchanged at 3.87%, consistent with the previous day's rate [1]

Core Insights - The New York Federal Reserve reported a decrease in the Secured Overnight Financing Rate (SOFR) to 4.27% on October 29, down from 4.31% the previous day [1] - The effective federal funds rate remained unchanged at 4.12% on the same day [1] Group 1 - SOFR decreased by 0.04 percentage points from the previous day [1] - The effective federal funds rate has not changed, remaining stable at 4.12% [1]

Core Points - The secured overnight financing rate (SOFR) reported at 4.31% on October 28, an increase from 4.27% the previous day [1] - The effective federal funds rate remained unchanged at 4.12% on October 28, consistent with the previous day's rate [1]

Core Insights - The secured overnight financing rate (SOFR) increased to 4.27% on October 27, up from 4.24% the previous day [1] - The effective federal funds rate rose to 4.21% on the same day, compared to 4.11% the day before [1] Summary by Category - **Interest Rates** - SOFR reported at 4.27%, an increase of 0.03 percentage points from the previous day [1] - Effective federal funds rate at 4.21%, up by 0.10 percentage points from the prior day [1]

Core Insights - The overnight secured financing rate (SOFR) reached 4.29% on October 15, marking the largest single-day fluctuation since September 30, which had a volatility of 11 basis points [1] - The previous day's SOFR was reported at 4.19%, indicating a notable increase [1] - The effective federal funds rate remained unchanged at 4.10% on the same day [1]

Group 1 - The secured overnight financing rate (SOFR) was reported at 4.39% on July 31, up from 4.32% the previous day [1] - The effective federal funds rate remained unchanged at 4.33% on the same day, consistent with the previous day's rate [1]

Group 1 - The secured overnight financing rate (SOFR) was reported at 4.32% on July 30, down from 4.36% the previous day [1] - The effective federal funds rate was reported at 4.33% on the same day, unchanged from the previous day [1]

Group 1 - The secured overnight financing rate (SOFR) was reported at 4.32% on July 30, down from 4.36% the previous day [1] - The effective federal funds rate was reported at 4.33% on the same day, unchanged from the previous day [1]

Core Points - The secured overnight financing rate (SOFR) was reported at 4.31% on July 11, unchanged from the previous day [1] - The effective federal funds rate was also reported at 4.33% on the same day, remaining stable from the prior day [1]

Core Insights - The probability of the federal funds rate reaching the "zero lower bound" (ZLB) in the next seven years is estimated at 9%, with current rate uncertainty exacerbating this risk [2] - Despite higher expected interest rates compared to the past decade, significant uncertainty remains, keeping the ZLB risk notable [2] - Empirical evidence suggests that changes in interest rate expectations are the primary drivers of ZLB risk [2] Historical Context - The Federal Reserve first lowered rates to the 0%-0.25% range during the 2008 financial crisis to stimulate economic recovery, maintaining this level for seven years [3] - Rates were again reduced to zero in response to the economic impact of the COVID-19 pandemic, lasting for two years [3] - Recent research indicates that the risk of returning to ZLB persists, influenced by complex economic conditions, geopolitical conflicts, and global economic sluggishness [3]