Effective Federal Funds Rate (EFFR)

Observations

2026-07-23: 3.63
Updated: Jul 24, 2026 8:02 AM CDT
Next Release Date: Jul 27, 2026
2026-07-23:  3.63  
2026-07-22:  3.63  
2026-07-21:  3.63  
2026-07-20:  3.63  
2026-07-17:  3.63  
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Units:

Percent,
Not Seasonally Adjusted

Frequency:

Daily

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Notes

Source: Federal Reserve Bank of New York  

Release: Federal Funds Data  

Units:  Percent, Not Seasonally Adjusted

Frequency:  Daily

Notes:

For additional historical federal funds rate data, please see Daily Federal Funds Rate from 1928-1954.

The federal funds market consists of domestic unsecured borrowings in U.S. dollars by depository institutions from other depository institutions and certain other entities, primarily government-sponsored enterprises.

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.

For more information, visit the Federal Reserve Bank of New York.

Suggested Citation:

Federal Reserve Bank of New York, Effective Federal Funds Rate [EFFR], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/EFFR, .

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FRB Rates - discount, fed funds, primary credit Interest Rates Money, Banking, & Finance

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New York Fed Federal Daily Rate Copyrighted: Citation Required Nation Not Seasonally Adjusted United States of America

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