2024-09-27 Steven Hochberg and Peter Kendall
The Fed doesn’t set interest rates. Investor psychology controls the movement of rates, and the Fed follows.
This article has graphs showing the Fed Funds Rate has followed the 3 and 6 month U.S. Treasury Bill yields.
https://www.newsmax.com/finance/investinganalysis/federal-reserve-stock/2024/09/27/id/1181977/