Economics
Fed Rate Dips to Lowest in a Year, Fueling Debate About Tweaks
- Benchmark fell one basis point to 0.05% on final day of April
- Dollar funding rates have been under ongoing downward pressure
This article is for subscribers only.
Discover what’s driving the global economy and what it means for policy makers, businesses, investors and you with The New Economy Daily. Sign up here
The key benchmark that the Federal Reserve targets to control monetary policy dropped to its lowest level in more than a year on the final day of April, raising further questions about whether the central bank might need to tinker with some of the tools it uses to control it.