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.

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.

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?

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.

On Dec. 18, the Federal Reserve made its third consecutive cut of 2024, reducing the federal funds rate by 0.25 percentage points. Yet the Fed also projected a slower pace of cuts in 2025, a...

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.

The rate reported is that for the Federal Reserve Bank of New York. Historical series for the rate on adjustment credit as well as the rate on primary credit are available at www.federalreserve.gov/releases/h15/data.htm .

4 days ago · View data of the Effective Federal Funds Rate, or the interest rate depository institutions charge each other for overnight loans of funds.

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.

Dec 18, 2024 · The Federal Reserve cut interest rates by a quarter point, its third reduction this year, but suggested only two more reductions next year as inflation lingers.