Effective Federal Funds Rate (I:EFFRND)
Level Chart
Basic Info
|
Effective Federal Funds Rate is at 4.58%, compared to 4.58% the previous market day and 5.33% last year. This is lower than the long term average of 4.61%. |
|
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 | 4.58% |
| Latest Period | Nov 21 2024 |
| Last Updated | Nov 22 2024, 16:52 EST |
| Next Release | Nov 25 2024, 16:15 EST |
| Long Term Average | 4.61% |
| Average Growth Rate | 201.0% |
| Value from The Previous Market Day | 4.58% |
| Change from The Previous Market Day | 0.00% |
| Value from 1 Year Ago | 5.33% |
| Change from 1 Year Ago | -14.07% |
| Frequency | Market Daily |
| Unit | Percent |
| Adjustment | N/A |
| Download Source File | Upgrade |
Historical Data
| Date | Value |
|---|---|
| November 21, 2024 | 4.58% |
| November 20, 2024 | 4.58% |
| November 19, 2024 | 4.58% |
| November 18, 2024 | 4.58% |
| November 17, 2024 | 4.58% |
| November 16, 2024 | 4.58% |
| November 15, 2024 | 4.58% |
| November 14, 2024 | 4.58% |
| November 13, 2024 | 4.58% |
| November 12, 2024 | 4.58% |
| November 11, 2024 | 4.58% |
| November 10, 2024 | 4.58% |
| November 09, 2024 | 4.58% |
| November 08, 2024 | 4.58% |
| November 07, 2024 | 4.83% |
| November 06, 2024 | 4.83% |
| November 05, 2024 | 4.83% |
| November 04, 2024 | 4.83% |
| November 03, 2024 | 4.83% |
| November 02, 2024 | 4.83% |
| November 01, 2024 | 4.83% |
| October 31, 2024 | 4.83% |
| October 30, 2024 | 4.83% |
| October 29, 2024 | 4.83% |
| October 28, 2024 | 4.83% |
| Date | Value |
|---|---|
| October 27, 2024 | 4.83% |
| October 26, 2024 | 4.83% |
| October 25, 2024 | 4.83% |
| October 24, 2024 | 4.83% |
| October 23, 2024 | 4.83% |
| October 22, 2024 | 4.83% |
| October 21, 2024 | 4.83% |
| October 20, 2024 | 4.83% |
| October 19, 2024 | 4.83% |
| October 18, 2024 | 4.83% |
| October 17, 2024 | 4.83% |
| October 16, 2024 | 4.83% |
| October 15, 2024 | 4.83% |
| October 14, 2024 | 4.83% |
| October 13, 2024 | 4.83% |
| October 12, 2024 | 4.83% |
| October 11, 2024 | 4.83% |
| October 10, 2024 | 4.83% |
| October 09, 2024 | 4.83% |
| October 08, 2024 | 4.83% |
| October 07, 2024 | 4.83% |
| October 06, 2024 | 4.83% |
| October 05, 2024 | 4.83% |
| October 04, 2024 | 4.83% |
| October 03, 2024 | 4.83% |
News
Basic Info
|
Effective Federal Funds Rate is at 4.58%, compared to 4.58% the previous market day and 5.33% last year. This is lower than the long term average of 4.61%. |
|
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 | 4.58% |
| Latest Period | Nov 21 2024 |
| Last Updated | Nov 22 2024, 16:52 EST |
| Next Release | Nov 25 2024, 16:15 EST |
| Long Term Average | 4.61% |
| Average Growth Rate | 201.0% |
| Value from The Previous Market Day | 4.58% |
| Change from The Previous Market Day | 0.00% |
| Value from 1 Year Ago | 5.33% |
| Change from 1 Year Ago | -14.07% |
| Frequency | Market Daily |
| Unit | Percent |
| Adjustment | N/A |
| Download Source File | Upgrade |
Related Indicators
| US Economy |
| ADP Employment Change | 233000.0 |
| US Durable Goods New Orders MoM | -0.78% |
| US Housing Starts MoM | -3.10% |
| US Index of Consumer Sentiment | 71.80 |
| US Inflation Rate | 2.60% |
| US Initial Claims for Unemployment Insurance | 213000.0 |
| US ISM Manufacturing PMI | 46.50 |
| US Real GDP QoQ | 2.80% |
| US Retail and Food Services Sales MoM | 0.40% |
| US Unemployment Rate | 4.10% |