Federal Reserve announces emergency meeting on auto lending regulations • Click for details

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SOFR Index rises 4.1% YoY 

Funding costs for lenders tracking in line with Fed rate cuts

C.J. Moore

The Secured Overnight Financing Rate Index, which tracks the cumulative compounded effect of short-term funding costs in capital markets, increased 4.1% year over year in June. The index, published every business day by the Federal Reserve Bank of New York, inched up 0.3% month over month to 1.25%, according to data through June 15.  SOFR Index […]

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