Effective Federal Funds Rate (I:EFFRND)
Level Chart
Basic Info
|
Effective Federal Funds Rate is at 5.33%, compared to 5.33% the previous market day and 4.83% last year. This is higher than the long term average of 4.61%. |
|
The Effective Federal Funds Rate is the rate set by the FOMC (Federal Open Market Committee) for banks to borrow funds from each other. The Federal Funds Rate is extremely important because it can act as the benchmark to set other rates. Historically, the Federal Funds Rate reached as high as 22.36% in 1981 during the recession. Additionally, after the financial crisis in 2008-2009, the Federal Funds rate nearly reached zero when quantitative easing was put into effect. |
| Report | H.15 Selected Interest Rates |
| Category | Interest Rates |
| Region | United States |
| Source | Federal Reserve |
Stats
| Last Value | 5.33% |
| Latest Period | Apr 25 2024 |
| Last Updated | Apr 26 2024, 16:16 EDT |
| Next Release | Apr 29 2024, 16:15 EDT |
| Long Term Average | 4.61% |
| Average Growth Rate | 202.8% |
| Value from The Previous Market Day | 5.33% |
| Change from The Previous Market Day | 0.00% |
| Value from 1 Year Ago | 4.83% |
| Change from 1 Year Ago | 10.35% |
| Frequency | Market Daily |
| Unit | Percent |
| Adjustment | N/A |
| Download Source File | Upgrade |
Historical Data
| Date | Value |
|---|---|
| April 25, 2024 | 5.33% |
| April 24, 2024 | 5.33% |
| April 23, 2024 | 5.33% |
| April 22, 2024 | 5.33% |
| April 21, 2024 | 5.33% |
| April 20, 2024 | 5.33% |
| April 19, 2024 | 5.33% |
| April 18, 2024 | 5.33% |
| April 17, 2024 | 5.33% |
| April 16, 2024 | 5.33% |
| April 15, 2024 | 5.33% |
| April 14, 2024 | 5.33% |
| April 13, 2024 | 5.33% |
| April 12, 2024 | 5.33% |
| April 11, 2024 | 5.33% |
| April 10, 2024 | 5.33% |
| April 09, 2024 | 5.33% |
| April 08, 2024 | 5.33% |
| April 07, 2024 | 5.33% |
| April 06, 2024 | 5.33% |
| April 05, 2024 | 5.33% |
| April 04, 2024 | 5.33% |
| April 03, 2024 | 5.33% |
| April 02, 2024 | 5.33% |
| April 01, 2024 | 5.33% |
| Date | Value |
|---|---|
| March 31, 2024 | 5.33% |
| March 30, 2024 | 5.33% |
| March 29, 2024 | 5.33% |
| March 28, 2024 | 5.33% |
| March 27, 2024 | 5.33% |
| March 26, 2024 | 5.33% |
| March 25, 2024 | 5.33% |
| March 24, 2024 | 5.33% |
| March 23, 2024 | 5.33% |
| March 22, 2024 | 5.33% |
| March 21, 2024 | 5.33% |
| March 20, 2024 | 5.33% |
| March 19, 2024 | 5.33% |
| March 18, 2024 | 5.33% |
| March 17, 2024 | 5.33% |
| March 16, 2024 | 5.33% |
| March 15, 2024 | 5.33% |
| March 14, 2024 | 5.33% |
| March 13, 2024 | 5.33% |
| March 12, 2024 | 5.33% |
| March 11, 2024 | 5.33% |
| March 10, 2024 | 5.33% |
| March 09, 2024 | 5.33% |
| March 08, 2024 | 5.33% |
| March 07, 2024 | 5.33% |
Basic Info
|
Effective Federal Funds Rate is at 5.33%, compared to 5.33% the previous market day and 4.83% last year. This is higher than the long term average of 4.61%. |
|
The Effective Federal Funds Rate is the rate set by the FOMC (Federal Open Market Committee) for banks to borrow funds from each other. The Federal Funds Rate is extremely important because it can act as the benchmark to set other rates. Historically, the Federal Funds Rate reached as high as 22.36% in 1981 during the recession. Additionally, after the financial crisis in 2008-2009, the Federal Funds rate nearly reached zero when quantitative easing was put into effect. |
| Report | H.15 Selected Interest Rates |
| Category | Interest Rates |
| Region | United States |
| Source | Federal Reserve |
Stats
| Last Value | 5.33% |
| Latest Period | Apr 25 2024 |
| Last Updated | Apr 26 2024, 16:16 EDT |
| Next Release | Apr 29 2024, 16:15 EDT |
| Long Term Average | 4.61% |
| Average Growth Rate | 202.8% |
| Value from The Previous Market Day | 5.33% |
| Change from The Previous Market Day | 0.00% |
| Value from 1 Year Ago | 4.83% |
| Change from 1 Year Ago | 10.35% |
| Frequency | Market Daily |
| Unit | Percent |
| Adjustment | N/A |
| Download Source File | Upgrade |
Related Indicators
| US Economy |
| ADP Employment Change | 184000.0 |
| US Durable Goods New Orders MoM | 2.65% |
| US Housing Starts MoM | -14.72% |
| US Index of Consumer Sentiment | 77.20 |
| US Inflation Rate | 3.48% |
| US Initial Claims for Unemployment Insurance | 207000.0 |
| US ISM Manufacturing PMI | 50.30 |
| US Real GDP QoQ | 1.60% |
| US Retail and Food Services Sales MoM | 0.72% |
| US Unemployment Rate | 3.80% |