Federal Funds Rate - 62 Year Historical Chart. Shows the daily level of the federal funds rate back to 1954. The fed funds rate is the interest rate at which depository institutions (banks and credit unions) lend reserve balances to other depository institutions overnight, on an uncollateralized basis.

Jan 2, 2025 · 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. When a depository institution has surplus balances in its reserve account, it lends to other banks in need of larger balances.

Jan 3, 2025 · Fed funds rate dropped from 5.33 percent to 4.48 percent in H2 2024 through multiple cuts, marking a significant pivot in monetary policy in the U.S.

Jan 27, 2011 · United States Fed Funds Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on January of 2025. The benchmark interest rate in the United States was last recorded at 4.50 percent.

Graph and download economic data for Federal Funds Effective Rate from Jan 1948 to Dec 2024 about federal, interest rate, interest, rate, USA, labor underutilization, headline figure, civilian, 16 years +, labor, household survey, and unemployment.

Jan 20, 2025 · Effective Federal Funds Rate is at 4.33%, compared to 4.33% 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.

Dec 1, 2024 · 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. When a depository institution has surplus balances in its reserve account, it lends to other banks in need of larger balances.

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.

Dec 19, 2024 · The tables below list the dates of Fed meetings when the FOMC changed interest rates, the size of each rate change in basis points—abbreviated as bps—and the resulting federal funds target ...

Dec 18, 2024 · The federal funds rate, a key borrowing benchmark set by the Federal Reserve, is back to late 2022 and early 2023 levels.