Graph and download economic data for Federal Funds Effective Rate (RIFSPFFNB) from 1954-07-01 to 2025-09-11 about funds, federal, interest rate, interest, rate, and USA.

Effective Federal Funds Rate in the United States remained unchanged at 4.08 percent on Friday September 19. This dataset includes a chart with historical data for the United States Effective Federal Funds Rate.

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

The U.S. federal funds rate peaked in 2023 at its highest level since the 2007-08 financial crisis, reaching 5.33 percent by December 2023. A significant shift in monetary policy occurred in the second half of 2024, with the Federal Reserve implementing regular rate cuts. By December 2024, the rate had declined to 4.48 percent. What is a central bank rate? The federal funds rate determines the cost of overnight borrowing between banks, allowing them to maintain necessary cash reserves and ensure financial system liquidity. When this rate rises, banks become more inclined to hold rather than lend money, reducing the money supply. While this decreased lending slows economic activity, it helps control inflation by limiting the circulation of money in the economy. Historic perspective The federal funds rate historically follows cyclical patterns, falling during recessions and gradually rising during economic recoveries. Some central banks, notably the European Central Bank, went beyond traditional monetary policy by implementing both aggressive asset purchases and negative interest rates.

United States - Federal Funds Effective Rate was 4.09% in October of 2025, according to the United States Federal Reserve. Historically, United States - Federal Funds Effective Rate reached a record high of 22.36 in July of 1981 and a record low of 0.04 in December of 2011. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Federal Funds Effective Rate - last updated from the United States Federal Reserve on October of 2025.

United States Effective Federal Funds Rate: Month Average data was reported at 2.199 % pa in Nov 2018. This records an increase from the previous number of 2.188 % pa for Oct 2018. United States Effective Federal Funds Rate: Month Average data is updated monthly, averaging 4.593 % pa from Jul 1954 (Median) to Nov 2018, with 773 observations. The data reached an all-time high of 19.065 % pa in Jul 1981 and a record low of 0.067 % pa in Feb 2014. United States Effective Federal Funds Rate: Month Average data remains active status in CEIC and is reported by Federal Reserve Board. The data is categorized under Global Database’s United States – Table US.M001: Lending and Effective Federal Funds Rates.

View yearly updates and historical trends for Effective Federal Funds Rate. from United States. Source: Federal Reserve. Track economic data with YCharts …

Of the world's major economies, the effective interest rate for nonfinancial small and medium-sized enterprises (SMEs) was the lowest in Japan in 2019 at **** percent. The highest rate was in the United States with **** percent.

Interest rates for SMEs are generally higher than the effective interest rate that can be obtained by large firms.

United States - Effective Federal Funds Rate: 1st Percentile was 4.31% in August of 2025, according to the United States Federal Reserve. Historically, United States - Effective Federal Funds Rate: 1st Percentile reached a record high of 5.31 in December of 2023 and a record low of 0.01 in March of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Effective Federal Funds Rate: 1st Percentile - last updated from the United States Federal Reserve on September of 2025.

Effective Federal Funds Rate - Historical chart and current data through 2025.

United States WAS: Effective Rate: FRM 30-Year data was reported at 5.290 % in 16 Nov 2018. This records a decrease from the previous number of 5.330 % for 09 Nov 2018. United States WAS: Effective Rate: FRM 30-Year data is updated weekly, averaging 6.460 % from Jan 1990 (Median) to 16 Nov 2018, with 1507 observations. The data reached an all-time high of 11.070 % in 27 Apr 1990 and a record low of 3.570 % in 07 Dec 2012. United States WAS: Effective Rate: FRM 30-Year data remains active status in CEIC and is reported by Mortgage Bankers Association. The data is categorized under Global Database’s United States – Table US.M013: Weekly Applications Survey: Mortgage Interest Rate.

United States WAS: Effective Rate: 5-Year ARM data was reported at 4.200 % in 20 Jul 2018. This records a decrease from the previous number of 4.260 % for 13 Jul 2018. United States WAS: Effective Rate: 5-Year ARM data is updated weekly, averaging 3.240 % from Jan 2011 (Median) to 20 Jul 2018, with 393 observations. The data reached an all-time high of 4.340 % in 25 May 2018 and a record low of 2.590 % in 03 May 2013. United States WAS: Effective Rate: 5-Year ARM data remains active status in CEIC and is reported by Mortgage Bankers Association. The data is categorized under Global Database’s USA – Table US.M013: Weekly Applications Survey: Mortgage Interest Rate.

Of the world's major economies, the effective interest rate for large nonfinancial firms was the lowest in Japan in 2019 at 1.08 percent. The highest rate was in the United States with 4.19 percent.

Interest rates for large firms are generally lower than the effective interest rate that can be obtained by small and medium-sized enterprises (SMEs).

Graph and download economic data for Effective Federal Funds Rate: 99th Percentile (EFFR99) from 2016-03-01 to 2025-09-17 about percentile, federal, rate, and USA.

Effective Interest Rate: Non Directed Credit in ILS data was reported at 3.569 % pa in 2017. This records an increase from the previous number of 3.501 % pa for 2016. Effective Interest Rate: Non Directed Credit in ILS data is updated yearly, averaging 12.890 % pa from Dec 1983 (Median) to 2017, with 35 observations. The data reached an all-time high of 581.417 % pa in 1984 and a record low of 3.501 % pa in 2016. Effective Interest Rate: Non Directed Credit in ILS data remains active status in CEIC and is reported by Bank of Israel. The data is categorized under Global Database’s Israel – Table IL.M007: Effective Interest Rate. It consists of average weighted interest on overdraft accounts and other unindexed credit.

The effective fixed interest rate of new consumer credit in the United Kingdom (UK) reached *** percent in June 2025. Since July 2020, interest rates for secured and unsecured loans soared, but they started falling again in the second half of 2024. In 2024, the average interest rates of personal loans in the UK varied significantly depending on the size of the loan.

Blockchain data query: Global Effective Interest Rate: Ripe

Key information about US Real Effective Exchange Rate

• United States Real Effective Exchange Rate (REER: Jan2006=100: Month Avg: United States) was 121.8 in Feb 2025, compared with the number of 122.7 in the previous month.
• US Real Effective Exchange Rate data is updated monthly and averaged 122.7 from Jan 2006 to Feb 2025.
• The data reached an all-time high of 122.7 in Jan 2025 and a record low of 83.9 in Jul 2011.

• In the latest reports, US Short Term Interest Rate: Month End: Treasury Bills: 3 Months was reported at 4.2 % pa in Feb 2025.
• The cash rate (Policy Rate: Month End: Effective Federal Funds Rate) was set at 4.3 % pa in Feb 2025.

Israel Effective Interest Rate: Marginal Cost of Monetary Loan data was reported at 0.200 % pa in 2017. This stayed constant from the previous number of 0.200 % pa for 2016. Israel Effective Interest Rate: Marginal Cost of Monetary Loan data is updated yearly, averaging 7.220 % pa from Dec 1987 (Median) to 2017, with 31 observations. The data reached an all-time high of 50.000 % pa in 1987 and a record low of 0.200 % pa in 2017. Israel Effective Interest Rate: Marginal Cost of Monetary Loan data remains active status in CEIC and is reported by Bank of Israel. The data is categorized under Global Database’s Israel – Table IL.M007: Effective Interest Rate. Marginal Cost of Monetary Loan is the effective maximum interest between the interest on monetary loan auctions and the interest rate on the highest discount window.

United States - Weighted-Average Effective Loan Rate for More than 365 Days, Other Risk (Acceptable), Small Domestic Banks (DISCONTINUED) was 4.63% in April of 2017, according to the United States Federal Reserve. Historically, United States - Weighted-Average Effective Loan Rate for More than 365 Days, Other Risk (Acceptable), Small Domestic Banks (DISCONTINUED) reached a record high of 9.85 in July of 2000 and a record low of 3.35 in April of 2014. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Weighted-Average Effective Loan Rate for More than 365 Days, Other Risk (Acceptable), Small Domestic Banks (DISCONTINUED) - last updated from the United States Federal Reserve on October of 2025.