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Fundingdaily%

Effective federal funds rate

The volume-weighted median of overnight unsecured lending between banks, and the rate the Fed targets directly.

Latest
3.880%
As of
1 Oct 2026
Standard deviations
1.15
Percentile
84th percentile

30 days to 4 Oct 2026 · 3.630% to 3.880%

The archive behind this

This page shows the last 30 days. Effective federal funds rate has 3,203 readings in the warehouse, back to 2 Jan 2014. A plan opens the rest of it, with CSV export and the analyst.

See plans

Source

Federal Reserve Bank of New York

© 2026 Federal Reserve Bank of New York. Content from the New York Fed subject to the Terms of Use at newyorkfed.org.

EFFR, the volume-weighted median of overnight federal funds transactions.

Informational research only. Nothing here is personalised investment advice.