Effective Federal Funds Rate:

2.38% for May 23 2019
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Effective Federal Funds Rate is at 2.38%, compared to 2.38% yesterday and 1.70% last year. This is lower than the long term average of 4.80%.

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.

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Historical Data

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Export Data Date Range:
Data for this Date Range  
May 23, 2019 2.38%
May 22, 2019 2.38%
May 21, 2019 2.39%
May 20, 2019 2.39%
May 19, 2019 2.39%
May 18, 2019 2.39%
May 17, 2019 2.39%
May 16, 2019 2.39%
May 15, 2019 2.40%
May 14, 2019 2.38%
May 13, 2019 2.38%
May 12, 2019 2.38%
May 11, 2019 2.38%
May 10, 2019 2.38%
May 9, 2019 2.38%
May 8, 2019 2.39%
May 7, 2019 2.40%
May 6, 2019 2.40%
May 5, 2019 2.40%
May 4, 2019 2.40%
May 3, 2019 2.40%
May 2, 2019 2.41%
May 1, 2019 2.45%
April 30, 2019 2.45%
April 29, 2019 2.45%
   
April 28, 2019 2.44%
April 27, 2019 2.44%
April 26, 2019 2.44%
April 25, 2019 2.44%
April 24, 2019 2.44%
April 23, 2019 2.44%
April 22, 2019 2.44%
April 21, 2019 2.44%
April 20, 2019 2.44%
April 19, 2019 2.44%
April 18, 2019 2.43%
April 17, 2019 2.42%
April 16, 2019 2.41%
April 15, 2019 2.41%
April 14, 2019 2.41%
April 13, 2019 2.41%
April 12, 2019 2.41%
April 11, 2019 2.41%
April 10, 2019 2.41%
April 9, 2019 2.41%
April 8, 2019 2.41%
April 7, 2019 2.41%
April 6, 2019 2.41%
April 5, 2019 2.41%
April 4, 2019 2.41%

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Stats

Last Value 2.38%
Latest Period May 23 2019
Last Updated May 24 2019, 16:17 EDT
Next Release May 27 2019, 16:15 EDT
Long Term Average 4.80%
Value from 1 Year Ago 1.70%
Change from 1 Year Ago 40.00%
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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