Effective Federal Funds Rate:

0.05% for Apr 02 2020
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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.

Effective Federal Funds Rate is at 0.05%, compared to 0.06% the previous market day and 2.41% last year. This is lower than the long term average of 4.76%.

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Historical Data

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Export Data Date Range:
Data for this Date Range  
April 2, 2020 0.05%
April 1, 2020 0.06%
March 31, 2020 0.08%
March 30, 2020 0.09%
March 29, 2020 0.10%
March 28, 2020 0.10%
March 27, 2020 0.10%
March 26, 2020 0.10%
March 25, 2020 0.10%
March 24, 2020 0.12%
March 23, 2020 0.15%
March 22, 2020 0.15%
March 21, 2020 0.15%
March 20, 2020 0.15%
March 19, 2020 0.20%
March 18, 2020 0.25%
March 17, 2020 0.25%
March 16, 2020 0.25%
March 15, 2020 1.10%
March 14, 2020 1.10%
March 13, 2020 1.10%
March 12, 2020 1.10%
March 11, 2020 1.09%
March 10, 2020 1.09%
March 9, 2020 1.09%
   
March 8, 2020 1.09%
March 7, 2020 1.09%
March 6, 2020 1.09%
March 5, 2020 1.09%
March 4, 2020 1.09%
March 3, 2020 1.59%
March 2, 2020 1.59%
March 1, 2020 1.58%
Feb. 29, 2020 1.58%
Feb. 28, 2020 1.58%
Feb. 27, 2020 1.58%
Feb. 26, 2020 1.58%
Feb. 25, 2020 1.58%
Feb. 24, 2020 1.58%
Feb. 23, 2020 1.58%
Feb. 22, 2020 1.58%
Feb. 21, 2020 1.58%
Feb. 20, 2020 1.59%
Feb. 19, 2020 1.59%
Feb. 18, 2020 1.59%
Feb. 17, 2020 1.58%
Feb. 16, 2020 1.58%
Feb. 15, 2020 1.58%
Feb. 14, 2020 1.58%
Feb. 13, 2020 1.58%

There is no data for the selected date range.

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Stats

Last Value 0.05%
Latest Period Apr 02 2020
Last Updated Apr 3 2020, 18:59 EDT
Next Release Apr 6 2020, 16:15 EDT
Long Term Average 4.76%
Value from 1 Year Ago 2.41%
Change from 1 Year Ago -97.93%
Frequency Market Daily
Unit Percent
Adjustment N/A
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