Effective Federal Funds Rate in the United States remained unchanged at 4.83 percent on Friday October 4. Effective Federal Funds Rate in the United States averaged 4.61 percent from 1954 until 2025, reaching an all time high of 22.36 percent in July of 1981 and a record low of 0.04 percent in December of 2011. source: Federal Reserve Bank of New York

Related	Last	Previous	Unit	Reference
Bank Lending Rate	7.50	7.75	percent	Dec 2024
Effective Federal Funds Rate	4.33	4.33	percent	Jan 2025
Interbank Rate	4.85	4.86	percent	Sep 2024
Fed Interest Rate	4.50	4.75	percent	Dec 2024
Proxy Funds Rate	5.16	5.32	percent	Dec 2024
Secured Overnight Financing Rate	4.29	4.27	percent	Jan 2025

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.