Level Chart

Basic Info

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 0.08%, compared to 0.08% the previous market day and 0.09% last year. This is lower than the long term average of 4.65%.

Stats

Last Value 0.08%
Latest Period Oct 21 2021
Last Updated Oct 22 2021, 17:08 EDT
Next Release Oct 25 2021, 16:15 EDT
Long Term Average 4.65%
Average Growth Rate 203.2%
Value from 1 Year Ago 0.09%
Change from 1 Year Ago -11.11%
Frequency Market Daily
Unit Percent
Adjustment N/A
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Historical Data

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Date Value
October 21, 2021 0.08%
October 20, 2021 0.08%
October 19, 2021 0.08%
October 18, 2021 0.08%
October 17, 2021 0.08%
October 16, 2021 0.08%
October 15, 2021 0.08%
October 14, 2021 0.08%
October 13, 2021 0.08%
October 12, 2021 0.08%
October 11, 2021 0.08%
October 10, 2021 0.08%
October 09, 2021 0.08%
October 08, 2021 0.08%
October 07, 2021 0.08%
October 06, 2021 0.08%
October 05, 2021 0.08%
October 04, 2021 0.08%
October 03, 2021 0.08%
October 02, 2021 0.08%
October 01, 2021 0.08%
September 30, 2021 0.06%
September 29, 2021 0.08%
September 28, 2021 0.08%
September 27, 2021 0.08%
Date Value
September 26, 2021 0.08%
September 25, 2021 0.08%
September 24, 2021 0.08%
September 23, 2021 0.08%
September 22, 2021 0.08%
September 21, 2021 0.08%
September 20, 2021 0.08%
September 19, 2021 0.08%
September 18, 2021 0.08%
September 17, 2021 0.08%
September 16, 2021 0.08%
September 15, 2021 0.08%
September 14, 2021 0.08%
September 13, 2021 0.08%
September 12, 2021 0.08%
September 11, 2021 0.08%
September 10, 2021 0.08%
September 09, 2021 0.08%
September 08, 2021 0.08%
September 07, 2021 0.08%
September 06, 2021 0.08%
September 05, 2021 0.08%
September 04, 2021 0.08%
September 03, 2021 0.08%
September 02, 2021 0.08%

Basic Info

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 0.08%, compared to 0.08% the previous market day and 0.09% last year. This is lower than the long term average of 4.65%.

Stats

Last Value 0.08%
Latest Period Oct 21 2021
Last Updated Oct 22 2021, 17:08 EDT
Next Release Oct 25 2021, 16:15 EDT
Long Term Average 4.65%
Average Growth Rate 203.2%
Value from 1 Year Ago 0.09%
Change from 1 Year Ago -11.11%
Frequency Market Daily
Unit Percent
Adjustment N/A
Download Source File Download