Level Chart

Basic Info

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 0.10%, compared to 0.10% the previous market day and 0.09% last year. This is lower than the long term average of 4.67%.

Stats

Last Value 0.10%
Latest Period Jul 23 2021
Last Updated Jul 26 2021, 16:19 EDT
Next Release Jul 27 2021, 16:15 EDT
Long Term Average 4.67%
Average Growth Rate 203.8%
Value from 1 Year Ago 0.09%
Change from 1 Year Ago 11.11%
Frequency Market Daily
Unit Percent
Adjustment N/A
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Historical Data

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Date Value
July 23, 2021 0.10%
July 22, 2021 0.10%
July 21, 2021 0.10%
July 20, 2021 0.10%
July 19, 2021 0.10%
July 18, 2021 0.10%
July 17, 2021 0.10%
July 16, 2021 0.10%
July 15, 2021 0.10%
July 14, 2021 0.10%
July 13, 2021 0.10%
July 12, 2021 0.10%
July 11, 2021 0.10%
July 10, 2021 0.10%
July 09, 2021 0.10%
July 08, 2021 0.10%
July 07, 2021 0.10%
July 06, 2021 0.10%
July 05, 2021 0.10%
July 04, 2021 0.10%
July 03, 2021 0.10%
July 02, 2021 0.10%
July 01, 2021 0.10%
June 30, 2021 0.08%
June 29, 2021 0.10%
Date Value
June 28, 2021 0.10%
June 27, 2021 0.10%
June 26, 2021 0.10%
June 25, 2021 0.10%
June 24, 2021 0.10%
June 23, 2021 0.10%
June 22, 2021 0.10%
June 21, 2021 0.10%
June 20, 2021 0.10%
June 19, 2021 0.10%
June 18, 2021 0.10%
June 17, 2021 0.10%
June 16, 2021 0.06%
June 15, 2021 0.06%
June 14, 2021 0.06%
June 13, 2021 0.06%
June 12, 2021 0.06%
June 11, 2021 0.06%
June 10, 2021 0.06%
June 09, 2021 0.06%
June 08, 2021 0.06%
June 07, 2021 0.06%
June 06, 2021 0.06%
June 05, 2021 0.06%
June 04, 2021 0.06%

Basic Info

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 0.10%, compared to 0.10% the previous market day and 0.09% last year. This is lower than the long term average of 4.67%.

Stats

Last Value 0.10%
Latest Period Jul 23 2021
Last Updated Jul 26 2021, 16:19 EDT
Next Release Jul 27 2021, 16:15 EDT
Long Term Average 4.67%
Average Growth Rate 203.8%
Value from 1 Year Ago 0.09%
Change from 1 Year Ago 11.11%
Frequency Market Daily
Unit Percent
Adjustment N/A
Download Source File Download