Key data points
Last release
—
Observation period
Nov 28, 2025
Next release
—
Forecast
—
Highest
22.36 % on Jul 22, 1981
Lowest
0.04 % on Apr 29, 2020
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.