Effective Federal Funds Rate (I:EFFRND)
Level Chart
Basic Info
|
Effective Federal Funds Rate is at 3.62%, compared to 3.62% 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 | Jun 08 2026 |
| Last Updated | Jun 9 2026, 16:16 EDT |
| Next Release | Jun 10 2026, 16:15 EDT |
| Long Term Average | 4.60% |
| Average Growth Rate | 196.4% |
| Value from The Previous Market Day | 3.62% |
| Change from The Previous Market Day | 0.00% |
| 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 |
|---|---|
| June 08, 2026 | 3.62% |
| June 07, 2026 | 3.62% |
| June 06, 2026 | 3.62% |
| June 05, 2026 | 3.62% |
| June 04, 2026 | 3.62% |
| June 03, 2026 | 3.62% |
| June 02, 2026 | 3.62% |
| June 01, 2026 | 3.62% |
| May 31, 2026 | 3.62% |
| May 30, 2026 | 3.62% |
| May 29, 2026 | 3.62% |
| May 28, 2026 | 3.62% |
| May 27, 2026 | 3.62% |
| May 26, 2026 | 3.62% |
| May 25, 2026 | 3.62% |
| May 24, 2026 | 3.62% |
| May 23, 2026 | 3.62% |
| May 22, 2026 | 3.62% |
| May 21, 2026 | 3.62% |
| May 20, 2026 | 3.62% |
| 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% |
| Date | Value |
|---|---|
| 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% |
| 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% |
News
Basic Info
|
Effective Federal Funds Rate is at 3.62%, compared to 3.62% 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 | Jun 08 2026 |
| Last Updated | Jun 9 2026, 16:16 EDT |
| Next Release | Jun 10 2026, 16:15 EDT |
| Long Term Average | 4.60% |
| Average Growth Rate | 196.4% |
| Value from The Previous Market Day | 3.62% |
| Change from The Previous Market Day | 0.00% |
| 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 | 122000.0 |
| US Durable Goods New Orders MoM | 7.95% |
| US Housing Starts MoM | -2.79% |
| US Imports MoM | 2.03% |
| US Index of Consumer Sentiment | 44.80 |
| US Inflation Rate | 4.20% |
| US Initial Claims for Unemployment Insurance | 225000.0 |
| US ISM Manufacturing PMI | 54.00 |
| US Real GDP QoQ | 1.60% |
| US Retail and Food Services Sales MoM | 0.49% |
| US Unemployment Rate | 4.30% |