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Capital Market Journal

Capital Markets are the cornerstone of economies

Dollar Overnight Money Market interest rate rise to 5.4%

Bycapitalmarketsjournal

Jul 3, 2024

The SOFR rates (Secured Overnight Financing Rate) a direct interest rate function of the Federal Reserve money market system increased overnight to 5.44%, while the amount financed and rolled over overnight was at $1.967 Billion also $ 1.96 Trillion Dollars, all of this meanwhile the stock market in the United States notched to new highs.