<p>According to data from the Federal Reserve Bank of New York, on the last trading day (June 25, when Powell attended the congressional hearing for the second consecutive day), the Secured Overnight Financing Rate (SOFR) was reported at 4.36%, up from 4.30% 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 June 25 was 4.36%, an increase from 4.30% the previous day. Meanwhile, the effective federal funds rate remained unchanged at 4.33%</p>

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