See Open Market Operations. You will see the fund funds rate trend over last few days. You hit temporary button to get the daily repos (ins/out) and permanent to get the coupon passes. The repo's come out before 7AM, and passes usually before 10Am. Normally the FED responds as follows: if the FUND RATE is trading above the target (1.25) they pump repo's, and if the long term treasuries are too high for them they'll do a coupon pass (buy them up). These actions inject money into the wall street banks, and they are the ones who actually pump the markets. While the FED's action's are transparent, the wall street banks are behind the shades, pulling the levers with the FED money. These wall street banks maintain control of the markets, are the real PPT, controllers of all. The FED and these banks get on the phone in the morning to plot the days actions......
Dollar Falls Against Euro After New York Factory Index Drops By New York newsroom New York, April 15 (Bloomberg) -- The dollar fell against the euro after an index showed manufacturing in the New York area dropped more than economists expected this month.