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 0.07%, compared to 0.07% the previous market day and 1.59% last year. This is lower than the long term average of 4.70%.

Stats

Last Value 0.07%
Latest Period Mar 03 2021
Last Updated Mar 4 2021, 16:16 EST
Next Release Mar 5 2021, 16:15 EST
Long Term Average 4.70%
Average Growth Rate 204.3%
Value from 1 Year Ago 1.59%
Change from 1 Year Ago -95.60%
Frequency Market Daily
Unit Percent
Adjustment N/A
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Historical Data

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Date Value
March 03, 2021 0.07%
March 02, 2021 0.07%
March 01, 2021 0.07%
February 28, 2021 0.07%
February 27, 2021 0.07%
February 26, 2021 0.07%
February 25, 2021 0.07%
February 24, 2021 0.07%
February 23, 2021 0.07%
February 22, 2021 0.07%
February 21, 2021 0.07%
February 20, 2021 0.07%
February 19, 2021 0.07%
February 18, 2021 0.07%
February 17, 2021 0.08%
February 16, 2021 0.08%
February 15, 2021 0.08%
February 14, 2021 0.08%
February 13, 2021 0.08%
February 12, 2021 0.08%
February 11, 2021 0.08%
February 10, 2021 0.08%
February 09, 2021 0.08%
February 08, 2021 0.07%
February 07, 2021 0.08%
Date Value
February 06, 2021 0.08%
February 05, 2021 0.08%
February 04, 2021 0.08%
February 03, 2021 0.08%
February 02, 2021 0.08%
February 01, 2021 0.08%
January 31, 2021 0.07%
January 30, 2021 0.07%
January 29, 2021 0.07%
January 28, 2021 0.07%
January 27, 2021 0.08%
January 26, 2021 0.08%
January 25, 2021 0.08%
January 24, 2021 0.08%
January 23, 2021 0.08%
January 22, 2021 0.08%
January 21, 2021 0.08%
January 20, 2021 0.09%
January 19, 2021 0.09%
January 18, 2021 0.09%
January 17, 2021 0.09%
January 16, 2021 0.09%
January 15, 2021 0.09%
January 14, 2021 0.09%
January 13, 2021 0.09%

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 0.07%, compared to 0.07% the previous market day and 1.59% last year. This is lower than the long term average of 4.70%.

Stats

Last Value 0.07%
Latest Period Mar 03 2021
Last Updated Mar 4 2021, 16:16 EST
Next Release Mar 5 2021, 16:15 EST
Long Term Average 4.70%
Average Growth Rate 204.3%
Value from 1 Year Ago 1.59%
Change from 1 Year Ago -95.60%
Frequency Market Daily
Unit Percent
Adjustment N/A
Download Source File Download