Effective Federal Funds Rate (I:EFFRND)
Level Chart
Basic Info
|
Effective Federal Funds Rate is at 4.33%, compared to 4.33% the previous market day and 5.33% last year. This is lower 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 | 4.33% |
| Latest Period | Dec 20 2024 |
| Last Updated | Dec 23 2024, 16:51 EST |
| Next Release | Dec 24 2024, 16:15 EST |
| Long Term Average | 4.61% |
| Average Growth Rate | 200.7% |
| Value from The Previous Market Day | 4.33% |
| Change from The Previous Market Day | 0.00% |
| Value from 1 Year Ago | 5.33% |
| Change from 1 Year Ago | -18.76% |
| Frequency | Market Daily |
| Unit | Percent |
| Adjustment | N/A |
| Download Source File | Upgrade |
Historical Data
| Date | Value |
|---|---|
| December 20, 2024 | 4.33% |
| December 19, 2024 | 4.33% |
| December 18, 2024 | 4.58% |
| December 17, 2024 | 4.58% |
| December 16, 2024 | 4.58% |
| December 15, 2024 | 4.58% |
| December 14, 2024 | 4.58% |
| December 13, 2024 | 4.58% |
| December 12, 2024 | 4.58% |
| December 11, 2024 | 4.58% |
| December 10, 2024 | 4.58% |
| December 09, 2024 | 4.58% |
| December 08, 2024 | 4.58% |
| December 07, 2024 | 4.58% |
| December 06, 2024 | 4.58% |
| December 05, 2024 | 4.58% |
| December 04, 2024 | 4.58% |
| December 03, 2024 | 4.58% |
| December 02, 2024 | 4.58% |
| December 01, 2024 | 4.58% |
| November 30, 2024 | 4.58% |
| November 29, 2024 | 4.58% |
| November 28, 2024 | 4.58% |
| November 27, 2024 | 4.58% |
| November 26, 2024 | 4.58% |
| Date | Value |
|---|---|
| November 25, 2024 | 4.58% |
| November 24, 2024 | 4.58% |
| November 23, 2024 | 4.58% |
| November 22, 2024 | 4.58% |
| November 21, 2024 | 4.58% |
| November 20, 2024 | 4.58% |
| November 19, 2024 | 4.58% |
| November 18, 2024 | 4.58% |
| November 17, 2024 | 4.58% |
| November 16, 2024 | 4.58% |
| November 15, 2024 | 4.58% |
| November 14, 2024 | 4.58% |
| November 13, 2024 | 4.58% |
| November 12, 2024 | 4.58% |
| November 11, 2024 | 4.58% |
| November 10, 2024 | 4.58% |
| November 09, 2024 | 4.58% |
| November 08, 2024 | 4.58% |
| November 07, 2024 | 4.83% |
| November 06, 2024 | 4.83% |
| November 05, 2024 | 4.83% |
| November 04, 2024 | 4.83% |
| November 03, 2024 | 4.83% |
| November 02, 2024 | 4.83% |
| November 01, 2024 | 4.83% |
News
Basic Info
|
Effective Federal Funds Rate is at 4.33%, compared to 4.33% the previous market day and 5.33% last year. This is lower 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 | 4.33% |
| Latest Period | Dec 20 2024 |
| Last Updated | Dec 23 2024, 16:51 EST |
| Next Release | Dec 24 2024, 16:15 EST |
| Long Term Average | 4.61% |
| Average Growth Rate | 200.7% |
| Value from The Previous Market Day | 4.33% |
| Change from The Previous Market Day | 0.00% |
| Value from 1 Year Ago | 5.33% |
| Change from 1 Year Ago | -18.76% |
| Frequency | Market Daily |
| Unit | Percent |
| Adjustment | N/A |
| Download Source File | Upgrade |
Related Indicators
| US Economy |
| ADP Employment Change | 146000.0 |
| US Durable Goods New Orders MoM | -1.05% |
| US Housing Starts MoM | -1.75% |
| US Index of Consumer Sentiment | 74.00 |
| US Inflation Rate | 2.75% |
| US Initial Claims for Unemployment Insurance | 220000.0 |
| US ISM Manufacturing PMI | 48.40 |
| US Real GDP QoQ | 3.10% |
| US Retail and Food Services Sales MoM | 0.69% |
| US Unemployment Rate | 4.20% |