%Effective Federal Funds Rate
EFFR
▼ NegativeMonetaryrelevance
Vance's call for rate cuts implies lower policy rate, so the effective federal funds rate is expected to decline.
U.S. Vice President Vance said on the 3rd that recent inflation data justifies rate cuts and that the White House believes the Federal Reserve should implement them. Speaking to reporters at the White House, Vance stated, "We are doing a lot to bring down interest rates. We would appreciate cooperation from the Fed as well."
Vance's call for rate cuts implies lower policy rate, so the effective federal funds rate is expected to decline.
Expected rate cuts would reduce yields on government bonds, so the 10Y yield is likely to fall.