Effective Federal Funds Rate

The Effective Federal Funds Rate was 3.63% on 2026-08-04, per Federal Reserve Bank of New York via FRED.

Latest 3.63%
Change vs previous 0 bp
As of
Unit Percent

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Source: Federal Reserve Bank of New York via FRED · Source data · As of · 6,425 observations

Recent observations

The most recent 60 observations, newest first. Change is against the previous published observation, not the previous calendar day — the series is only published on days the source publishes it.

Date Value Change
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3.62% -1 bp
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3.63% —

Source: Federal Reserve Bank of New York via FRED · As of · Showing 60 of 6,425 observations; the chart above plots the full history.

Methodology

The effective federal funds rate is the volume-weighted median of overnight federal funds transactions reported by domestic banks and U.S. branches of foreign banks. It is the rate the FOMC's target range is designed to steer, so it is the cleanest single read on whether policy is landing where the Committee intends.

Attribution & licence
Attribution
Source: Federal Reserve Bank of New York via FRED
Originator
Federal Reserve Bank of New York
Licence
Public domain
Why
The underlying data is a U.S. federal government work (public domain). FRED is the redistributor, not the author, so the attribution names the originating agency 'via FRED'. FRED's terms permit redistribution but FORBID use with AI/LLM services — hence llmForbidden.