<p>According to data from the Federal Reserve Bank of New York, on the last trading day (February 11, the first day of Powell's hearing / the day before the release of U.S. CPI data), the Secured Overnight Financing Rate (SOFR) was reported at 4.34%, down from 4.35% the previous day. The effective federal funds rate on the last trading day was reported at 4.33%, unchanged from the previous day</p>

<p>According to data from the Federal Reserve Bank of New York, the secured overnight financing rate (SOFR) on February 11 was 4.34%, slightly down from 4.35% the previous day. Meanwhile, the effective federal funds rate remained unchanged at 4.33%</p>

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