Leaving LIBOR, Say Hello to SOFR

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Weaning off the scandal-plagued Libor benchmark is a gigantic. Next Jobs · Hello World · Storylines · Game Changers · QuickTake · Profiles · Traveler · All Series.. I'm not sure the Fed is going to be able to stop it,” said Mark Cabana, SOFR, which debuted in April 2018, is set daily based on overnight.

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 · For those who haven’t been following, global markets are plotting a move away from the London Interbank Offering Rate (Libor), as it has become apparent that we shouldn’t use a survey to set a key global interest rate.

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 · So if you’re going to say that the Fed lowered interest rates from 5 percent to zero (percent) during the recession to get the economy going, but we’re still at pretty low interest rates today.

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