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Rates & Commentary

Key Rates
Fed Funds Effective 5.330%
1 Month Libor 5.431%
Secured Overnight Financing Rate (SOFR) 5.310%
Sterling Overnight Index Average (SONIA) 5.186%
Dow Jones Industrial Average (DJIA) 33,738
Millennium Rates
Managed Liquidity
  Tier 1 | $100,000 - $499,999.99 5.25%
  Tier 2 | $500,000 - $9,999,999.99 5.40%
  Tier 3 | $10,000,000 and up 5.50%
Cash Management 1.50%
Perpetual Contributed Capital – Previous Month 6.00%
Overnight Loan Rate 6.20%

Daily Commentary

September 29, 2023

The Federal Reserve’s preferred measure of underlying inflation rose at the slowest monthly pace since late 2020, helping to lay the groundwork for policymakers to forgo an interest-rate hike at their next meeting.

Full Commentary