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 3.08%, compared to 3.08% the previous market day and 0.08% last year. This is lower than the long term average of 4.60%.

Stats

Last Value 3.08%
Latest Period Oct 04 2022
Last Updated Oct 5 2022, 16:15 EDT
Next Release Oct 6 2022, 16:15 EDT
Long Term Average 4.60%
Average Growth Rate 206.8%
Value from The Previous Market Day 3.08%
Change from The Previous Market Day 0.00%
Value from 1 Year Ago 0.08%
Change from 1 Year Ago 3.75K%
Frequency Market Daily
Unit Percent
Adjustment N/A
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Historical Data

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Date Value
October 04, 2022 3.08%
October 03, 2022 3.08%
October 02, 2022 3.08%
October 01, 2022 3.08%
September 30, 2022 3.08%
September 29, 2022 3.08%
September 28, 2022 3.08%
September 27, 2022 3.08%
September 26, 2022 3.08%
September 25, 2022 3.08%
September 24, 2022 3.08%
September 23, 2022 3.08%
September 22, 2022 3.08%
September 21, 2022 2.33%
September 20, 2022 2.33%
September 19, 2022 2.33%
September 18, 2022 2.33%
September 17, 2022 2.33%
September 16, 2022 2.33%
September 15, 2022 2.33%
September 14, 2022 2.33%
September 13, 2022 2.33%
September 12, 2022 2.33%
September 11, 2022 2.33%
September 10, 2022 2.33%
Date Value
September 09, 2022 2.33%
September 08, 2022 2.33%
September 07, 2022 2.33%
September 06, 2022 2.33%
September 05, 2022 2.33%
September 04, 2022 2.33%
September 03, 2022 2.33%
September 02, 2022 2.33%
September 01, 2022 2.33%
August 31, 2022 2.33%
August 30, 2022 2.33%
August 29, 2022 2.33%
August 28, 2022 2.33%
August 27, 2022 2.33%
August 26, 2022 2.33%
August 25, 2022 2.33%
August 24, 2022 2.33%
August 23, 2022 2.33%
August 22, 2022 2.33%
August 21, 2022 2.33%
August 20, 2022 2.33%
August 19, 2022 2.33%
August 18, 2022 2.33%
August 17, 2022 2.33%
August 16, 2022 2.33%

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 3.08%, compared to 3.08% the previous market day and 0.08% last year. This is lower than the long term average of 4.60%.

Stats

Last Value 3.08%
Latest Period Oct 04 2022
Last Updated Oct 5 2022, 16:15 EDT
Next Release Oct 6 2022, 16:15 EDT
Long Term Average 4.60%
Average Growth Rate 206.8%
Value from The Previous Market Day 3.08%
Change from The Previous Market Day 0.00%
Value from 1 Year Ago 0.08%
Change from 1 Year Ago 3.75K%
Frequency Market Daily
Unit Percent
Adjustment N/A
Download Source File Download