EXPLAINER-Fed funds futures market sees negative rates by next April

The fed funds futures market is
pricing in negative U.S. interest rates next year, a scenario
the Federal Reserve has said it wants to avoid as many doubt
that it would be an effective tool to stimulate growth.
Setting interest rates below zero would punish banks for
leaving excess cash with the central bank. The hope is to
encourage lending, in turn boosting business investment and
consumer spending.
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