Federal funds futures
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US banking - benchmark.
(FFF).
Federal Funds Futures are a futures contract whose price is referenced to the average of daily effective federal funds rates during a contract month.
They are a short term interest rate hedging instrument, and an important market indicator of expectations about future changes in the Federal Funds Rate and other USD interest rates.
See also
- Benchmark
- Board of Governors of the Federal Reserve System
- EFFR
- Fed funds
- Federal Funds Rate
- Federal Open Market Committee (FOMC)
- Federal Reserve
- Federal Reserve Bank
- Federal Reserve System
- Futures contract
- Hedging
- Monetary authority
- OBFR
- Policy interest rate
