Effective Federal Funds Rate (I:EFFRND)
Level Chart
Basic Info
|
Effective Federal Funds Rate is at 3.63%, compared to 3.63% the previous market day and 4.33% last year. This is lower than the long term average of 4.60%. |
|
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 | 3.63% |
| Latest Period | Aug 27 2026 |
| Last Updated | Aug 28 2026, 16:17 EDT |
| Next Release | Aug 31 2026, 16:15 EDT |
| Long Term Average | 4.60% |
| Average Growth Rate | 195.8% |
| Value from The Previous Market Day | 3.63% |
| Change from The Previous Market Day | 0.00% |
| Value from 1 Year Ago | 4.33% |
| Change from 1 Year Ago | -16.17% |
| Frequency | Market Daily |
| Unit | Percent |
| Adjustment | N/A |
| Download Source File |
Historical Data
| Date | Value |
|---|---|
| August 27, 2026 | 3.63% |
| August 26, 2026 | 3.63% |
| August 25, 2026 | 3.63% |
| August 24, 2026 | 3.63% |
| August 23, 2026 | 3.63% |
| August 22, 2026 | 3.63% |
| August 21, 2026 | 3.63% |
| August 20, 2026 | 3.63% |
| August 19, 2026 | 3.63% |
| August 18, 2026 | 3.63% |
| August 17, 2026 | 3.63% |
| August 16, 2026 | 3.63% |
| August 15, 2026 | 3.63% |
| August 14, 2026 | 3.63% |
| August 13, 2026 | 3.63% |
| August 12, 2026 | 3.63% |
| August 11, 2026 | 3.63% |
| August 10, 2026 | 3.63% |
| August 09, 2026 | 3.63% |
| August 08, 2026 | 3.63% |
| August 07, 2026 | 3.63% |
| August 06, 2026 | 3.63% |
| August 05, 2026 | 3.63% |
| August 04, 2026 | 3.63% |
| August 03, 2026 | 3.63% |
| Date | Value |
|---|---|
| August 02, 2026 | 3.63% |
| August 01, 2026 | 3.63% |
| July 31, 2026 | 3.63% |
| July 30, 2026 | 3.63% |
| July 29, 2026 | 3.63% |
| July 28, 2026 | 3.63% |
| July 27, 2026 | 3.63% |
| July 26, 2026 | 3.63% |
| July 25, 2026 | 3.63% |
| July 24, 2026 | 3.63% |
| July 23, 2026 | 3.63% |
| July 22, 2026 | 3.63% |
| July 21, 2026 | 3.63% |
| July 20, 2026 | 3.63% |
| July 19, 2026 | 3.63% |
| July 18, 2026 | 3.63% |
| July 17, 2026 | 3.63% |
| July 16, 2026 | 3.63% |
| July 15, 2026 | 3.63% |
| July 14, 2026 | 3.63% |
| July 13, 2026 | 3.62% |
| July 12, 2026 | 3.62% |
| July 11, 2026 | 3.62% |
| July 10, 2026 | 3.62% |
| July 09, 2026 | 3.62% |
News
Basic Info
|
Effective Federal Funds Rate is at 3.63%, compared to 3.63% the previous market day and 4.33% last year. This is lower than the long term average of 4.60%. |
|
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 | 3.63% |
| Latest Period | Aug 27 2026 |
| Last Updated | Aug 28 2026, 16:17 EDT |
| Next Release | Aug 31 2026, 16:15 EDT |
| Long Term Average | 4.60% |
| Average Growth Rate | 195.8% |
| Value from The Previous Market Day | 3.63% |
| Change from The Previous Market Day | 0.00% |
| Value from 1 Year Ago | 4.33% |
| Change from 1 Year Ago | -16.17% |
| Frequency | Market Daily |
| Unit | Percent |
| Adjustment | N/A |
| Download Source File |
Related Indicators
| US Economy |
| ADP Employment Change | 44000.00 |
| US Durable Goods New Orders MoM | 1.07% |
| US Housing Starts MoM | -12.44% |
| US Imports MoM | -1.84% |
| US Index of Consumer Sentiment | 51.70 |
| US Inflation Rate | 3.40% |
| US Initial Claims for Unemployment Insurance | 203000.0 |
| US ISM Manufacturing PMI | 55.60 |
| US Real GDP QoQ | 1.50% |
| US Retail and Food Services Sales MoM | -0.58% |
| US Unemployment Rate | 4.10% |