Capisaga

Indicators · Money and rates · DFF

Federal Funds Effective Rate

The overnight rate at which banks trade balances held at Federal Reserve Banks.

Percent

3.88

0.00 vs

History

Effective federal funds rate Percent

3.8800 Week of 12 Oct 2026

Effective federal funds rate, PercentFederal Funds Effective Rate, Percent. 10Y shown as weekly averages of daily observations. From Week of 17 Oct 2016 (0.4100) to Week of 12 Oct 2026 (3.8800). Low 0.0457 (Week of 27 Apr 2020); high 5.3300 (Week of 31 Jul 2023). 522 points.

10-year Treasury yield Percent

5.2000 Week of 12 Oct 2026

10-year Treasury yield, PercentMarket Yield on U.S. Treasury Securities at 10-Year Constant Maturity, Quoted on an Investment Basis, Percent. 10Y shown as weekly averages of daily observations. From Week of 17 Oct 2016 (1.7560) to Week of 12 Oct 2026 (5.2000). Low 0.5500 (Week of 3 Aug 2020); high 5.2640 (Week of 5 Oct 2026). 522 points.

Broad US dollar index Index Jan 2006=100

121.294680 Week of 5 Oct 2026

Broad US dollar index, Index Jan 2006=100Nominal Broad U.S. Dollar Index, Index Jan 2006=100. 10Y shown as weekly averages of daily observations. From Week of 17 Oct 2016 (113.409520) to Week of 5 Oct 2026 (121.294680). Low 106.918600 (Week of 29 Jan 2018); high 129.510720 (Week of 13 Jan 2025). 521 points.

10Y shown as weekly averages of daily observations. Averages are computed in the database from the latest vintage of each observation and shown to 4 decimal places. Full daily history is in the CSV. Compared series are drawn in separate panels on the same time axis, each with its own scale and units.

How to read it

What it measures
A volume-weighted median of the overnight rates at which depository institutions trade federal funds, from transaction-level data they report to the Federal Reserve. Published in the H.15 release.
What moves it
It is essentially determined by the market. The Federal Reserve steers it toward the target range determined by its Federal Open Market Committee, mainly through the interest rate it pays on banks' reserve balances.
What it does not show
It is the rate between banks, not the rate households or businesses pay, though it influences rates such as the prime rate and, indirectly, longer-term rates.
Revisions
A daily series. Capisaga keeps every stored version, so a later correction is a new version, not an overwrite.

Freshness

Update frequency
Daily, 7-day
Last observation
Last checked
Last retrieved

“Last checked” is when the pipeline last fetched this series from the source, whether or not anything changed. “Last retrieved” is when it last stored a new or revised value.

Source

Source: Board of Governors of the Federal Reserve System via FRED

Board of Governors of the Federal Reserve System (US), Federal Funds Effective Rate [DFF], retrieved from FRED, Federal Reserve Bank of St. Louis on 16 Oct 2026.

Copyright status (per FRED): public domain: citation requested.