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 0.06%, compared to 0.06% the previous market day and 0.05% last year. This is lower than the long term average of 4.68%.

Stats

Last Value 0.06%
Latest Period May 10 2021
Last Updated May 11 2021, 16:18 EDT
Next Release May 12 2021, 16:15 EDT
Long Term Average 4.68%
Average Growth Rate 203.7%
Value from 1 Year Ago 0.05%
Change from 1 Year Ago 20.00%
Frequency Market Daily
Unit Percent
Adjustment N/A
Download Source File Download

Historical Data

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Date Value
May 10, 2021 0.06%
May 09, 2021 0.06%
May 08, 2021 0.06%
May 07, 2021 0.06%
May 06, 2021 0.06%
May 05, 2021 0.06%
May 04, 2021 0.06%
May 03, 2021 0.06%
May 02, 2021 0.05%
May 01, 2021 0.05%
April 30, 2021 0.05%
April 29, 2021 0.06%
April 28, 2021 0.07%
April 27, 2021 0.07%
April 26, 2021 0.07%
April 25, 2021 0.07%
April 24, 2021 0.07%
April 23, 2021 0.07%
April 22, 2021 0.07%
April 21, 2021 0.07%
April 20, 2021 0.07%
April 19, 2021 0.07%
April 18, 2021 0.07%
April 17, 2021 0.07%
April 16, 2021 0.07%
Date Value
April 15, 2021 0.07%
April 14, 2021 0.07%
April 13, 2021 0.07%
April 12, 2021 0.07%
April 11, 2021 0.07%
April 10, 2021 0.07%
April 09, 2021 0.07%
April 08, 2021 0.07%
April 07, 2021 0.07%
April 06, 2021 0.07%
April 05, 2021 0.07%
April 04, 2021 0.07%
April 03, 2021 0.07%
April 02, 2021 0.07%
April 01, 2021 0.07%
March 31, 2021 0.06%
March 30, 2021 0.07%
March 29, 2021 0.07%
March 28, 2021 0.07%
March 27, 2021 0.07%
March 26, 2021 0.07%
March 25, 2021 0.07%
March 24, 2021 0.07%
March 23, 2021 0.07%
March 22, 2021 0.07%

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 0.06%, compared to 0.06% the previous market day and 0.05% last year. This is lower than the long term average of 4.68%.

Stats

Last Value 0.06%
Latest Period May 10 2021
Last Updated May 11 2021, 16:18 EDT
Next Release May 12 2021, 16:15 EDT
Long Term Average 4.68%
Average Growth Rate 203.7%
Value from 1 Year Ago 0.05%
Change from 1 Year Ago 20.00%
Frequency Market Daily
Unit Percent
Adjustment N/A
Download Source File Download