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The Federal Open Market Committee (FOMC) meets eight times a year to determine the federal funds target rate. The current federal funds rate as of October 04, 2024 is 4.83%. Show Recessions. Download Historical Data.
Averages of daily figures. For additional historical federal funds rate data, please see Daily Federal Funds Rate from 1928-1954. The federal funds rate is the interest rate at which depository institutions trade federal funds (balances held at Federal Reserve Banks) with each other overnight.
Forbes Advisor has compiled this history as a handy guide to the course of the federal funds rate and the Federal Reserve’s monetary policy decisions since 1990.
Before the Great Recession, the market-driven “effective” federal funds rate averaged 6.38 percent. Rate moves are expressed in “basis points,” which are equal to 1/100 of a percentage ...
Monthly Federal funds effective rate in the United States from July 1954 to July 2024 [Graph], St. Louis Fed, September 19, 2024. [Online].
For additional historical federal funds rate data, please see Daily Federal Funds Rate from 1928-1954. The federal funds rate is the interest rate at which depository institutions trade federal funds (balances held at Federal Reserve Banks) with each other overnight.
The fed funds rate has ranged anywhere from 0% to as high as 20% since 1971. Learn about the highs and lows, and the key economic events over time.
Frequency: Daily, 7-Day. For additional historical federal funds rate data, please see Daily Federal Funds Rate from 1928-1954. The federal funds rate is the interest rate at which depository institutions trade federal funds (balances held at Federal Reserve Banks) with each other overnight.
Effective Federal Funds Rate is at 4.83%, compared to 4.83% the previous market day and 5.33% last year. This is higher 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.
Graph and download revisions to economic data for from 1954-07-01 to 2024-10-09 about funds, federal, interest rate, interest, rate, and USA.