Effective Federal Funds Rate FRED-Effective Federal Funds Rate Percent 6 0 Jan 2019 Jul 2019 Shaded areas indicate U.S. recessions. Jan 2020 Jul 2020 Jan 2021 Jul 2021 Source: Federal Reserve Bank of New York Jan 2022 Jul 2022 Jan 2023 Jul 2023 fred.stlouisfed.org
Effective Federal Funds Rate FRED-Effective Federal Funds Rate Percent 6 0 Jan 2019 Jul 2019 Shaded areas indicate U.S. recessions. Jan 2020 Jul 2020 Jan 2021 Jul 2021 Source: Federal Reserve Bank of New York Jan 2022 Jul 2022 Jan 2023 Jul 2023 fred.stlouisfed.org
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
In detail explain what is going on in this graph for effective federal funds rate
![Effective Federal Funds Rate
FRED-Effective Federal Funds Rate
6
5
1
0
Jan 2019
Jul 2019
Shaded areas indicate U.S. recessions.
Jan 2020
Jul 2020
Jan 2021
Jul 2021
Source: Federal Reserve Bank of New York
Jan 2022
Jul 2022
Jan 2023
Jul 2023
fred.stlouisfed.org
C](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1d698ecf-7efb-48ef-8d97-00ab1299fe37%2F5f7ebe80-a1e2-419e-ac44-ad10b11ec104%2Ffjry5l5_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Effective Federal Funds Rate
FRED-Effective Federal Funds Rate
6
5
1
0
Jan 2019
Jul 2019
Shaded areas indicate U.S. recessions.
Jan 2020
Jul 2020
Jan 2021
Jul 2021
Source: Federal Reserve Bank of New York
Jan 2022
Jul 2022
Jan 2023
Jul 2023
fred.stlouisfed.org
C
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