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US banking - benchmark.
Federal Funds Futures.
They are a futures contract whose price is referenced to the average of daily effective federal funds rates during a contract month.
See also
- Federal funds futures
- 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
