Oil Prices, Fed Funds Path Up
Source: BarChart.com.
Figure 1: Effective Fed funds (black), implied Fed funds as of April 2 9:30PM CT (red square), March 19, 4:30 CT (pink square), March 8 (sky blue inverted triangle), and February 15 (green triangle). Source: Fed via FRED, CME Fedwatch and author’s calculations.
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