Effective Federal Funds Rate:

2.41% for Jul 19 2019
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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 2.41%, compared to 2.41% yesterday and 1.91% last year. This is lower than the long term average of 4.79%.

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Historical Data

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Export Data Date Range:
Data for this Date Range  
July 19, 2019 2.41%
July 18, 2019 2.41%
July 17, 2019 2.41%
July 16, 2019 2.41%
July 15, 2019 2.40%
July 14, 2019 2.38%
July 13, 2019 2.38%
July 12, 2019 2.38%
July 11, 2019 2.40%
July 10, 2019 2.41%
July 9, 2019 2.41%
July 8, 2019 2.41%
July 7, 2019 2.42%
July 6, 2019 2.42%
July 5, 2019 2.42%
July 4, 2019 2.41%
July 3, 2019 2.41%
July 2, 2019 2.40%
July 1, 2019 2.39%
June 30, 2019 2.40%
June 29, 2019 2.40%
June 28, 2019 2.40%
June 27, 2019 2.38%
June 26, 2019 2.38%
June 25, 2019 2.38%
   
June 24, 2019 2.38%
June 23, 2019 2.38%
June 22, 2019 2.38%
June 21, 2019 2.38%
June 20, 2019 2.37%
June 19, 2019 2.37%
June 18, 2019 2.37%
June 17, 2019 2.38%
June 16, 2019 2.36%
June 15, 2019 2.36%
June 14, 2019 2.36%
June 13, 2019 2.37%
June 12, 2019 2.37%
June 11, 2019 2.37%
June 10, 2019 2.37%
June 9, 2019 2.37%
June 8, 2019 2.37%
June 7, 2019 2.37%
June 6, 2019 2.37%
June 5, 2019 2.38%
June 4, 2019 2.38%
June 3, 2019 2.38%
June 2, 2019 2.40%
June 1, 2019 2.40%
May 31, 2019 2.40%

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Stats

Last Value 2.41%
Latest Period Jul 19 2019
Last Updated Jul 22 2019, 16:18 EDT
Next Release Jul 23 2019, 16:15 EDT
Long Term Average 4.79%
Value from 1 Year Ago 1.91%
Change from 1 Year Ago 26.18%
Frequency Daily
Unit Percent
Adjustment N/A
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Excel Add-In Codes

  • Indicator Code: I:EFFRND
  • Indicator Name: =YCI("I:EFFRND","name")
  • Data Point Example: =YCP("I:EFFRND")
  • Data Series Example: =YCS("I:EFFRND",,-4)

To find the codes for any of our financial metrics, see our Complete Reference of Metric Codes.

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