I was on record stating a belief the Fed would effectively hike by 1/8 point. I had that belief because that is what the Fed Fund Futures implied.
Regardless, I was wrong. If someone is going to prove you wrong it may as well be yourself.
Here is a table of Effective Fed Funds Rates straight from the New York Fed. I created the table from their downloadable data.
Effective Fed Funds Rate
Date |
Effective Rate |
Low |
High |
Std. Dev. |
Target Rate |
2015-12-17 |
0.37 |
0.25 |
0.59 |
0.05 |
0.25-0.50 |
2015-12-16 |
0.15 |
0.08 |
0.55 |
0.04 |
0.00-0.25 |
2015-12-15 |
0.15 |
0.09 |
0.31 |
0.04 |
0.00-0.25 |
2015-12-14 |
0.15 |
0.07 |
0.31 |
0.04 |
0.00-0.25 |
2015-12-11 |
0.14 |
0.07 |
0.38 |
0.04 |
0.00-0.25 |
2015-12-10 |
0.14 |
0.07 |
0.38 |
0.04 |
0.00-0.25 |
2015-12-09 |
0.14 |
0.06 |
0.38 |
0.04 |
0.00-0.25 |
2015-12-08 |
0.13 |
0.06 |
0.35 |
0.04 |
0.00-0.25 |
2015-12-07 |
0.13 |
0.06 |
0.35 |
0.04 |
0.00-0.25 |
2015-12-04 |
0.13 |
0.06 |
0.35 |
0.04 |
0.00-0.25 |
2015-12-03 |
0.13 |
0.06 |
0.35 |
0.04 |
0.00-0.25 |
2015-12-02 |
0.13 |
0.04 |
0.35 |
0.04 |
0.00-0.25 |
2015-12-01 |
0.13 |
0.07 |
0.35 |
0.05 |
0.00-0.25 |
2015-11-30 |
0.08 |
0.04 |
0.31 |
0.06 |
0.00-0.25 |
2015-11-27 |
0.12 |
0.02 |
0.35 |
0.05 |
0.00-0.25 |
2015-11-25 |
0.12 |
0.06 |
0.35 |
0.04 |
0.00-0.25 |
2015-11-24 |
0.12 |
0.05 |
0.35 |
0.05 |
0.00-0.25 |
2015-11-23 |
0.12 |
0.07 |
0.35 |
0.05 |
0.00-0.25 |
2015-11-20 |
0.12 |
0.07 |
0.35 |
0.04 |
0.00-0.25 |
2015-11-19 |
0.12 |
0.05 |
0.35 |
0.05 |
0.00-0.25 |
2015-11-18 |
0.12 |
0.05 |
0.35 |
0.05 |
0.00-0.25 |
2015-11-17 |
0.13 |
0.07 |
0.35 |
0.05 |
0.00-0.25 |
2015-11-16 |
0.13 |
0.06 |
0.35 |
0.05 |
0.00-0.25 |
2015-11-13 |
0.12 |
0.06 |
0.35 |
0.04 |
0.00-0.25 |
2015-11-12 |
0.12 |
0.05 |
0.35 |
0.04 |
0.00-0.25 |