What Is Effective Fed Funds Rate
Q
What is US Effective Fed Funds Rate?
✍: FYIcenter.com
A
US Effective Fed Funds Rate measures the actual interest rate
on overnight loans between commercial banks.
It is calculated and published daily by the Fed Reserve
as the volume-weighted median of interests
on those overnight interbank loans.
If you go to this Federal Reserve Bank of New York Website, you will see the recent Effective Federal Funds Rates (EFFR) listed in a table.
Date EFFR FFR (Target Range) ---------- ----- ------------------ 12/27/2024 4.33% 4.25% - 4.50% 12/26/2024 4.33% 4.25% - 4.50% 12/24/2024 4.33% 4.25% - 4.50% 12/23/2024 4.33% 4.25% - 4.50% 12/20/2024 4.33% 4.25% - 4.50% 12/19/2024 4.33% 4.25% - 4.50% 12/18/2024 4.58% 4.50% - 4.75% 12/17/2024 4.58% 4.50% - 4.75% 12/16/2024 4.58% 4.50% - 4.75% 12/13/2024 4.58% 4.50% - 4.75%
⇒ Historical Values of Effective Fed Funds Rates
2025-01-23, ∼454🔥, 0💬
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