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What Is US Fed Funds Rate

Q

What is US Fed Fund Rate?

✍: FYIcenter.com

A

US Fed Funds Rate is a target range of interest rates commercial banks to charge when they borrow money from each other. It is reviewed and published every 6 weeks by the Federal Open Market Committee (FOMC), part of the Federal Reserve System.

Fed Funds Rate is for short-term loans only, from overnight (1 day) to 90 days.

If you go to this Federal Reserve Website as of Jan 1, 2025, you will see the Fed Funds Rate displayed as Fed Funds Target:

US Fed Interest Rates - Discount Rates and Funds Rate
US Fed Interest Rates - Discount Rates and Funds Rate

Recently published US Fed Funds Rates are: 

  Rate Range    Publish Date
-------------   ------------
4.25% - 4.50%   18-Dec-2024
4.50% - 4.75%   07-Nov-2024
4.75% - 5.00%   18-Sep-2024
5.25% - 5.50%   26-Jul-2023
5.00% - 5.25%   03-May-2023
4.75% - 5.00%   22-Mar-2023
4.50% - 4.75%   01-Feb-2023
4.25% - 4.50%   14-Dec-2022
3.75% - 4.00%   02-Nov-2022
3.00% - 3.25%   21-Sep-2022

 

⇒ What Is Effective Fed Funds Rate

⇐ Historical Values of Fed Discount Rates

⇑ Introduction to US Interest Rates

⇑⇑ Interest Rates

2025-01-23, ∼898🔥, 0💬

Calculators Fixed Income General Stock Market US Treasury