Key data points
Last release
—
Observation period
Nov 5, 2025
Next release
—
Forecast
—
Highest
4.12 % on Oct 29, 2025
Lowest
3.86 % on Oct 31, 2025
About United States Effective Federal Funds Rate
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.