Effective Federal Funds Rate:

0.09% for Jul 06 2020
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Effective Federal Funds Rate is at 0.09%, compared to 0.09% the previous market day and 2.42% last year. This is lower than the long term average of 4.74%.

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.

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Historical Data

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Export Data Date Range:
Data for this Date Range  
July 6, 2020 0.09%
July 5, 2020 0.09%
July 4, 2020 0.09%
July 3, 2020 0.09%
July 2, 2020 0.09%
July 1, 2020 0.08%
June 30, 2020 0.08%
June 29, 2020 0.08%
June 28, 2020 0.08%
June 27, 2020 0.08%
June 26, 2020 0.08%
June 25, 2020 0.08%
June 24, 2020 0.08%
June 23, 2020 0.08%
June 22, 2020 0.08%
June 21, 2020 0.09%
June 20, 2020 0.09%
June 19, 2020 0.09%
June 18, 2020 0.09%
June 17, 2020 0.09%
June 16, 2020 0.09%
June 15, 2020 0.09%
June 14, 2020 0.08%
June 13, 2020 0.08%
June 12, 2020 0.08%
   
June 11, 2020 0.08%
June 10, 2020 0.08%
June 9, 2020 0.07%
June 8, 2020 0.07%
June 7, 2020 0.07%
June 6, 2020 0.07%
June 5, 2020 0.07%
June 4, 2020 0.06%
June 3, 2020 0.06%
June 2, 2020 0.06%
June 1, 2020 0.05%
May 31, 2020 0.05%
May 30, 2020 0.05%
May 29, 2020 0.05%
May 28, 2020 0.05%
May 27, 2020 0.05%
May 26, 2020 0.05%
May 25, 2020 0.05%
May 24, 2020 0.05%
May 23, 2020 0.05%
May 22, 2020 0.05%
May 21, 2020 0.05%
May 20, 2020 0.05%
May 19, 2020 0.05%
May 18, 2020 0.05%

There is no data for the selected date range.

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Stats

Last Value 0.09%
Latest Period Jul 06 2020
Last Updated Jul 7 2020, 16:21 EDT
Next Release Jul 8 2020, 16:15 EDT
Long Term Average 4.74%
Value from 1 Year Ago 2.42%
Change from 1 Year Ago -96.28%
Frequency Market Daily
Unit Percent
Adjustment N/A
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