Effective Federal Funds Rate (I:EFFRND)
Level Chart
Basic Info
|
Effective Federal Funds Rate is at 5.33%, compared to 5.33% the previous market day and 2.33% last year. This is higher 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 | 5.33% |
| Latest Period | Sep 21 2023 |
| Last Updated | Sep 22 2023, 17:09 EDT |
| Next Release | Sep 25 2023, 16:15 EDT |
| Long Term Average | 4.60% |
| Average Growth Rate | 204.5% |
| Value from The Previous Market Day | 5.33% |
| Change from The Previous Market Day | 0.00% |
| Value from 1 Year Ago | 2.33% |
| Change from 1 Year Ago | 128.8% |
| Frequency | Market Daily |
| Unit | Percent |
| Adjustment | N/A |
| Download Source File | Upgrade |
Historical Data
| Date | Value |
|---|---|
| September 21, 2023 | 5.33% |
| September 20, 2023 | 5.33% |
| September 19, 2023 | 5.33% |
| September 18, 2023 | 5.33% |
| September 17, 2023 | 5.33% |
| September 16, 2023 | 5.33% |
| September 15, 2023 | 5.33% |
| September 14, 2023 | 5.33% |
| September 13, 2023 | 5.33% |
| September 12, 2023 | 5.33% |
| September 11, 2023 | 5.33% |
| September 10, 2023 | 5.33% |
| September 09, 2023 | 5.33% |
| September 08, 2023 | 5.33% |
| September 07, 2023 | 5.33% |
| September 06, 2023 | 5.33% |
| September 05, 2023 | 5.33% |
| September 04, 2023 | 5.33% |
| September 03, 2023 | 5.33% |
| September 02, 2023 | 5.33% |
| September 01, 2023 | 5.33% |
| August 31, 2023 | 5.33% |
| August 30, 2023 | 5.33% |
| August 29, 2023 | 5.33% |
| August 28, 2023 | 5.33% |
| Date | Value |
|---|---|
| August 27, 2023 | 5.33% |
| August 26, 2023 | 5.33% |
| August 25, 2023 | 5.33% |
| August 24, 2023 | 5.33% |
| August 23, 2023 | 5.33% |
| August 22, 2023 | 5.33% |
| August 21, 2023 | 5.33% |
| August 20, 2023 | 5.33% |
| August 19, 2023 | 5.33% |
| August 18, 2023 | 5.33% |
| August 17, 2023 | 5.33% |
| August 16, 2023 | 5.33% |
| August 15, 2023 | 5.33% |
| August 14, 2023 | 5.33% |
| August 13, 2023 | 5.33% |
| August 12, 2023 | 5.33% |
| August 11, 2023 | 5.33% |
| August 10, 2023 | 5.33% |
| August 09, 2023 | 5.33% |
| August 08, 2023 | 5.33% |
| August 07, 2023 | 5.33% |
| August 06, 2023 | 5.33% |
| August 05, 2023 | 5.33% |
| August 04, 2023 | 5.33% |
| August 03, 2023 | 5.33% |
Basic Info
|
Effective Federal Funds Rate is at 5.33%, compared to 5.33% the previous market day and 2.33% last year. This is higher 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 | 5.33% |
| Latest Period | Sep 21 2023 |
| Last Updated | Sep 22 2023, 17:09 EDT |
| Next Release | Sep 25 2023, 16:15 EDT |
| Long Term Average | 4.60% |
| Average Growth Rate | 204.5% |
| Value from The Previous Market Day | 5.33% |
| Change from The Previous Market Day | 0.00% |
| Value from 1 Year Ago | 2.33% |
| Change from 1 Year Ago | 128.8% |
| Frequency | Market Daily |
| Unit | Percent |
| Adjustment | N/A |
| Download Source File | Upgrade |
Related Indicators
| US Economy |
| ADP Employment Change | 177000.0 |
| US Durable Goods New Orders MoM | -5.15% |
| US Housing Starts MoM | -11.33% |
| US Index of Consumer Sentiment | 67.70 |
| US Inflation Rate | 3.67% |
| US Initial Claims for Unemployment Insurance | 201000.0 |
| US ISM Manufacturing PMI | 47.60 |
| US Real GDP QoQ | 2.10% |
| US Retail and Food Services Sales MoM | 0.56% |
| US Unemployment Rate | 3.80% |