Effective Federal Funds Rate (I:EFFRND)
Level Chart
Basic Info
|
Effective Federal Funds Rate is at 3.62%, 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 | 3.62% |
| Latest Period | May 19 2026 |
| Last Updated | May 20 2026, 16:27 EDT |
| Next Release | May 21 2026, 16:15 EDT |
| Long Term Average | 4.60% |
| Average Growth Rate | 196.6% |
| Value from The Previous Market Day | 3.63% |
| Change from The Previous Market Day | -0.28% |
| Value from 1 Year Ago | 4.33% |
| Change from 1 Year Ago | -16.40% |
| Frequency | Market Daily |
| Unit | Percent |
| Adjustment | N/A |
| Download Source File |
Historical Data
| Date | Value |
|---|---|
| May 19, 2026 | 3.62% |
| May 18, 2026 | 3.63% |
| May 17, 2026 | 3.63% |
| May 16, 2026 | 3.63% |
| May 15, 2026 | 3.63% |
| May 14, 2026 | 3.63% |
| May 13, 2026 | 3.63% |
| May 12, 2026 | 3.63% |
| May 11, 2026 | 3.63% |
| May 10, 2026 | 3.63% |
| May 09, 2026 | 3.63% |
| May 08, 2026 | 3.63% |
| May 07, 2026 | 3.63% |
| May 06, 2026 | 3.64% |
| May 05, 2026 | 3.64% |
| May 04, 2026 | 3.64% |
| May 03, 2026 | 3.64% |
| May 02, 2026 | 3.64% |
| May 01, 2026 | 3.64% |
| April 30, 2026 | 3.64% |
| April 29, 2026 | 3.64% |
| April 28, 2026 | 3.64% |
| April 27, 2026 | 3.64% |
| April 26, 2026 | 3.64% |
| April 25, 2026 | 3.64% |
| Date | Value |
|---|---|
| April 24, 2026 | 3.64% |
| April 23, 2026 | 3.64% |
| April 22, 2026 | 3.64% |
| April 21, 2026 | 3.64% |
| April 20, 2026 | 3.64% |
| April 19, 2026 | 3.64% |
| April 18, 2026 | 3.64% |
| April 17, 2026 | 3.64% |
| April 16, 2026 | 3.64% |
| April 15, 2026 | 3.64% |
| April 14, 2026 | 3.64% |
| April 13, 2026 | 3.64% |
| April 12, 2026 | 3.64% |
| April 11, 2026 | 3.64% |
| April 10, 2026 | 3.64% |
| April 09, 2026 | 3.64% |
| April 08, 2026 | 3.64% |
| April 07, 2026 | 3.64% |
| April 06, 2026 | 3.64% |
| April 05, 2026 | 3.64% |
| April 04, 2026 | 3.64% |
| April 03, 2026 | 3.64% |
| April 02, 2026 | 3.64% |
| April 01, 2026 | 3.64% |
| March 31, 2026 | 3.64% |
News
Basic Info
|
Effective Federal Funds Rate is at 3.62%, 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 | 3.62% |
| Latest Period | May 19 2026 |
| Last Updated | May 20 2026, 16:27 EDT |
| Next Release | May 21 2026, 16:15 EDT |
| Long Term Average | 4.60% |
| Average Growth Rate | 196.6% |
| Value from The Previous Market Day | 3.63% |
| Change from The Previous Market Day | -0.28% |
| Value from 1 Year Ago | 4.33% |
| Change from 1 Year Ago | -16.40% |
| Frequency | Market Daily |
| Unit | Percent |
| Adjustment | N/A |
| Download Source File |
Related Indicators
| US Economy |
| ADP Employment Change | 109000.0 |
| US Durable Goods New Orders MoM | 0.83% |
| US Housing Starts MoM | -2.79% |
| US Imports MoM | 2.34% |
| US Index of Consumer Sentiment | 48.20 |
| US Inflation Rate | 3.80% |
| US Initial Claims for Unemployment Insurance | 209000.0 |
| US ISM Manufacturing PMI | 52.70 |
| US Real GDP QoQ | 2.00% |
| US Retail and Food Services Sales MoM | 0.49% |
| US Unemployment Rate | 4.30% |