Economy & Macro · Time-series

Effective Federal Funds Rate

The daily effective federal funds rate — the rate at which U.S. banks lend reserves overnight, set by the Federal Reserve.

Unit
%
012343.88Apr 05Jul 03Oct 01

Executive summary

Effective Federal Funds Rate rose from 3.64% (2026-04-05) to 3.88% (2026-10-01) — a 6.6% change over the period. The window peaked at 3.88% (2026-09-17) and bottomed at 3.62% (2026-05-19).

The latest observation (2026-10-01) sits above the period average of 3.65%. Raw data and methodology are open: check the source box or download CSV/JSON.

Source & metadata
Updated
2026-10-03
Methodology
Daily effective federal funds rate (FRED series DFF): the volume-weighted median of overnight federal funds transactions reported by U.S. banks.

Data

DateValue
2026-04-053.64
2026-04-063.64
2026-04-073.64
2026-04-083.64
2026-04-093.64
2026-04-103.64
2026-04-113.64
2026-04-123.64
2026-04-133.64
2026-04-143.64
2026-04-153.64
2026-04-163.64
2026-04-173.64
2026-04-183.64
2026-04-193.64
2026-04-203.64
2026-04-213.64
2026-04-223.64
2026-04-233.64
2026-04-243.64
2026-04-253.64
2026-04-263.64
2026-04-273.64
2026-04-283.64
2026-04-293.64
2026-04-303.64
2026-05-013.64
2026-05-023.64
2026-05-033.64
2026-05-043.64
2026-05-053.64
2026-05-063.64
2026-05-073.63
2026-05-083.63
2026-05-093.63
2026-05-103.63
2026-05-113.63
2026-05-123.63
2026-05-133.63
2026-05-143.63
2026-05-153.63
2026-05-163.63
2026-05-173.63
2026-05-183.63
2026-05-193.62
2026-05-203.62
2026-05-213.62
2026-05-223.62
2026-05-233.62
2026-05-243.62
2026-05-253.62
2026-05-263.62
2026-05-273.62
2026-05-283.62
2026-05-293.62
2026-05-303.62
2026-05-313.62
2026-06-013.62
2026-06-023.62
2026-06-033.62
2026-06-043.62
2026-06-053.62
2026-06-063.62
2026-06-073.62
2026-06-083.62
2026-06-093.62
2026-06-103.62
2026-06-113.62
2026-06-123.62
2026-06-133.62
2026-06-143.62
2026-06-153.63
2026-06-163.63
2026-06-173.63
2026-06-183.63
2026-06-193.63
2026-06-203.63
2026-06-213.63
2026-06-223.63
2026-06-233.63
2026-06-243.63
2026-06-253.63
2026-06-263.63
2026-06-273.63
2026-06-283.63
2026-06-293.63
2026-06-303.63
2026-07-013.63
2026-07-023.63
2026-07-033.63
2026-07-043.63
2026-07-053.63
2026-07-063.63
2026-07-073.63
2026-07-083.62
2026-07-093.62
2026-07-103.62
2026-07-113.62
2026-07-123.62
2026-07-133.62
2026-07-143.63
2026-07-153.63
2026-07-163.63
2026-07-173.63
2026-07-183.63
2026-07-193.63
2026-07-203.63
2026-07-213.63
2026-07-223.63
2026-07-233.63
2026-07-243.63
2026-07-253.63
2026-07-263.63
2026-07-273.63
2026-07-283.63
2026-07-293.63
2026-07-303.63
2026-07-313.63
2026-08-013.63
2026-08-023.63
2026-08-033.63
2026-08-043.63
2026-08-053.63
2026-08-063.63
2026-08-073.63
2026-08-083.63
2026-08-093.63
2026-08-103.63
2026-08-113.63
2026-08-123.63
2026-08-133.63
2026-08-143.63
2026-08-153.63
2026-08-163.63
2026-08-173.63
2026-08-183.63
2026-08-193.63
2026-08-203.63
2026-08-213.63
2026-08-223.63
2026-08-233.63
2026-08-243.63
2026-08-253.63
2026-08-263.63
2026-08-273.63
2026-08-283.63
2026-08-293.63
2026-08-303.63
2026-08-313.63
2026-09-013.63
2026-09-023.63
2026-09-033.63
2026-09-043.63
2026-09-053.63
2026-09-063.63
2026-09-073.63
2026-09-083.63
2026-09-093.63
2026-09-103.63
2026-09-113.63
2026-09-123.63
2026-09-133.63
2026-09-143.63
2026-09-153.63
2026-09-163.63
2026-09-173.88
2026-09-183.88
2026-09-193.88
2026-09-203.88
2026-09-213.88
2026-09-223.88
2026-09-233.88
2026-09-243.88
2026-09-253.88
2026-09-263.88
2026-09-273.88
2026-09-283.88
2026-09-293.88
2026-09-303.88
2026-10-013.88