As of March 1, 2016, the daily effective federal funds rate (EFFR) is a volume-weighted median of transaction-level data collected from depository institutions in the Report of Selected Money Market Rates (FR 2420). Prior to March 1, 2016, the EFFR was a volume-weighted mean of rates on brokered trades. 2.

Mar 3, 2025 · The federal funds rate is the central interest rate in the U.S. financial market. It influences other interest rates such as the prime rate, which is the rate banks charge their customers with higher credit ratings.

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.

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

Aug 2, 2024 · The federal funds rate is the interest rate charged by banks to borrow from each other overnight. The Federal Reserve influences this rate through monetary policy decisions. Who sets the target range for the federal funds rate? The Federal Open Market Committee (FOMC) sets a target range for the federal funds rate.

4 days ago · View data of the Effective Federal Funds Rate, or the interest rate depository institutions charge each other for overnight loans of funds.

Mar 19, 2025 · The Federal Reserve said Wednesday it was leaving interest rates unchanged — but warned of rising uncertainty about the direction of the economy, in part because of President Donald Trump's ...

4 days ago · Bankrate.com provides today's current federal funds rate and rates index.

Graph and download economic data for Federal Funds Effective Rate from 1947-01-01 to 2025-03-26 about federal, interest rate, interest, rate, USA, headline figure, average, all items, urban, consumer, CPI, inflation, price index, indexes, and price. ... the FOMC must observe the current state of the economy to determine the best course of ...

Mar 19, 2025 · The Federal Reserve in a closely watched decision Wednesday held the line on benchmark interest rates though still indicated that reductions are likely later in the year.