Effective Federal Funds Rate (I:EFFRND)
Level Chart
Basic Info
|
Effective Federal Funds Rate is at 3.64%, compared to 3.64% 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 | 3.64% |
| Latest Period | Apr 08 2026 |
| Last Updated | Apr 9 2026, 16:15 EDT |
| Next Release | Apr 10 2026, 16:15 EDT |
| Long Term Average | 4.60% |
| Average Growth Rate | 196.9% |
| Value from The Previous Market Day | 3.64% |
| Change from The Previous Market Day | 0.00% |
| Value from 1 Year Ago | 4.33% |
| Change from 1 Year Ago | -15.94% |
| Frequency | Market Daily |
| Unit | Percent |
| Adjustment | N/A |
| Download Source File |
Historical Data
| Date | Value |
|---|---|
| April 08, 2026 | 3.64% |
| April 07, 2026 | 3.64% |
| April 06, 2026 | 3.64% |
| April 05, 2026 | 3.64% |
| April 04, 2026 | 3.64% |
| April 03, 2026 | 3.64% |
| April 02, 2026 | 3.64% |
| April 01, 2026 | 3.64% |
| March 31, 2026 | 3.64% |
| March 30, 2026 | 3.64% |
| March 29, 2026 | 3.64% |
| March 28, 2026 | 3.64% |
| March 27, 2026 | 3.64% |
| March 26, 2026 | 3.64% |
| March 25, 2026 | 3.64% |
| March 24, 2026 | 3.64% |
| March 23, 2026 | 3.64% |
| March 22, 2026 | 3.64% |
| March 21, 2026 | 3.64% |
| March 20, 2026 | 3.64% |
| March 19, 2026 | 3.64% |
| March 18, 2026 | 3.64% |
| March 17, 2026 | 3.64% |
| March 16, 2026 | 3.64% |
| March 15, 2026 | 3.64% |
| Date | Value |
|---|---|
| March 14, 2026 | 3.64% |
| March 13, 2026 | 3.64% |
| March 12, 2026 | 3.64% |
| March 11, 2026 | 3.64% |
| March 10, 2026 | 3.64% |
| March 09, 2026 | 3.64% |
| March 08, 2026 | 3.64% |
| March 07, 2026 | 3.64% |
| March 06, 2026 | 3.64% |
| March 05, 2026 | 3.64% |
| March 04, 2026 | 3.64% |
| March 03, 2026 | 3.64% |
| March 02, 2026 | 3.64% |
| March 01, 2026 | 3.64% |
| February 28, 2026 | 3.64% |
| February 27, 2026 | 3.64% |
| February 26, 2026 | 3.64% |
| February 25, 2026 | 3.64% |
| February 24, 2026 | 3.64% |
| February 23, 2026 | 3.64% |
| February 22, 2026 | 3.64% |
| February 21, 2026 | 3.64% |
| February 20, 2026 | 3.64% |
| February 19, 2026 | 3.64% |
| February 18, 2026 | 3.64% |
News
Basic Info
|
Effective Federal Funds Rate is at 3.64%, compared to 3.64% 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 | 3.64% |
| Latest Period | Apr 08 2026 |
| Last Updated | Apr 9 2026, 16:15 EDT |
| Next Release | Apr 10 2026, 16:15 EDT |
| Long Term Average | 4.60% |
| Average Growth Rate | 196.9% |
| Value from The Previous Market Day | 3.64% |
| Change from The Previous Market Day | 0.00% |
| Value from 1 Year Ago | 4.33% |
| Change from 1 Year Ago | -15.94% |
| Frequency | Market Daily |
| Unit | Percent |
| Adjustment | N/A |
| Download Source File |
Related Indicators
| US Economy |
| ADP Employment Change | 62000.00 |
| US Durable Goods New Orders MoM | -1.37% |
| US Housing Starts MoM | 7.21% |
| US Imports MoM | 4.27% |
| US Index of Consumer Sentiment | 53.30 |
| US Inflation Rate | 2.40% |
| US Initial Claims for Unemployment Insurance | 219000.0 |
| US ISM Manufacturing PMI | 52.70 |
| US Real GDP QoQ | 0.50% |
| US Retail and Food Services Sales MoM | 0.60% |
| US Unemployment Rate | 4.30% |