The 1st percentile of the day's volume weighted distribution of EFFR transactions (overnight unsecured federal funds lending between banks), in percent: the spread between the tails and the median shows how evenly the market cleared. Published each business day for the previous one, about 8:00 ET for SOFR, BGCR and TGCR and 9:00 ET for EFFR and OBFR; each value is stamped with its publication morning. Subject to the Terms of Use posted at newyorkfed.org; PreReason is not affiliated with the New York Fed.
Category: macro. Macro economic indicators track monetary policy, liquidity conditions, and traditional market positioning. Changes in these metrics often lead Bitcoin price moves by days or weeks.