3 days ago · The federal funds rate is the central interest rate in the U.S. financial market. It influences other interest rates such as the prime rate, which is the rate banks charge their customers with higher credit ratings.

United States Fed Funds Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on February of 2025. The benchmark interest rate in the United States was last recorded at 4.50 percent.

Jan 29, 2025 · The Fed held interest rates steady at its first meeting of 2025 as the central bank embarked on a new phase of policy-setting after a series of cuts that began in September 2024.

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. The New York Fed publishes the EFFR for the prior business day on the New York Fed’s website at approximately 9:00 a.m.

As of March 1, 2016, the daily effective federal funds rate (EFFR) is a volume-weighted median of transaction-level data collected from depository institutions in the Report of Selected Money Market Rates (FR 2420). Prior to March 1, 2016, the EFFR was a volume-weighted mean of rates on brokered trades. 2.

4 days ago · The federal funds rate is the interest rate at which depository institutions trade federal funds (balances held at Federal Reserve Banks) with each other overnight. When a depository institution has surplus balances in its reserve account, it lends to other banks in need of larger balances.

Jan 30, 2014 · The federal funds rate is the interest rate charged by banks to borrow from each other overnight. The Federal Reserve influences this rate through monetary policy decisions. Who sets the target range for the federal funds rate?

Jan 29, 2025 · The Fed hiked interest rates to a 23-year high of 5.25% to 5.5% to fight a historic inflation surge. After holding rates at that level through parts of 2023 and 2024, the Fed began lowering its ...

Jan 29, 2025 · The Federal Reserve said Wednesday that it will leave its benchmark rate unchanged, hitting the brakes on lowering borrowing costs for individuals and businesses after a flurry of rate cuts...

3 days ago · Bankrate.com provides today's current federal funds rate and rates index.