DID THE FED CONTROL OF INTEREST RATES COLLAPSE FRIDAY???.
The Fed via its Fed Funds rate normally controls short term interest rates for the US Dollar. But the main short term interest rate market- Eurodollar- is not controlled by the Fed, https://en.wikipedia.org/wiki/Eurodollar But on Friday March 4th the 30 Day Fed Funds March 22 contract went up from 99.790 to 99.795 while the main short term interest futu…
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