<p>According to data from the Federal Reserve Bank of New York, on the last trading day (March 16, the day before the Federal Reserve's monetary policy meeting), the Secured Overnight Financing Rate (SOFR) was reported at 3.70%, up from 3.65% the previous day. The effective federal funds rate on the last trading day was reported at 3.64%, 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 March 16 was 3.70%, an increase from 3.65% the previous day. Meanwhile, the effective federal funds rate remained unchanged at 3.64%</p>

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