SOFR Rises to 3.62% on June 4, Fed Funds Rate Holds Steady at 3.62%

According to the Federal Reserve Bank of New York, SOFR (secured overnight financing rate) rose to 3.62% on June 4, up 1 basis point from 3.61% the previous day.

The effective federal funds rate remained unchanged at 3.62% on the same date.

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