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View data of the Effective Federal Funds Rate, or the interest rate depository institutions charge each other for overnight loans of funds.
View data of the Effective Federal Funds Rate, or the interest rate depository institutions charge each other for overnight loans of funds.
Graph and download economic data for Federal Funds Effective Rate from Jan 1948 to Oct 2024 about federal, interest rate, interest, rate, USA, labor underutilization, headline figure, civilian, 16 years +, labor, household survey, and unemployment.
Effective Federal Funds Rate is at 4.58%, compared to 4.58% the previous market day and 5.33% last year. This is lower than the long term average of 4.61%. 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 current Fed interest rate is 4.50% to 4.75% as of 11/7/24. See how current Fed rates decisions & Fed rate hikes impact US interest rates.
In making its monetary policy decisions, the FOMC considers a wealth of economic data, such as: trends in prices and wages, employment, consumer spending and income, business investments, and foreign exchange markets. The federal funds rate is the central interest rate in the U.S. financial market.
The effective federal funds rate (EFFR) is calculated as a volume-weighted median of overnight federal funds transactions reported in the FR 2420 Report of Selected Money Market Rates. The New York Fed publishes the EFFR for the prior business day on the New York Fed’s website at approximately 9:00 a.m. For more information on the EFFR’s ...