The interest rate at which commercial banks lend reserve balances to each other overnight. Set by the Federal Reserve, it influences all other interest rates in the economy, including mortgage rates, auto loans, and savings account yields.
The interest rate at which commercial banks lend reserve balances to each other overnight. Set by the Federal Reserve, it influences all other interest rates in the economy, including mortgage rates, auto loans, and savings account yields.
This data is updated automatically from FRED (Federal Reserve Economic Data). Most rates are updated daily or weekly. Check back regularly for the latest figures.
Fed Funds influences borrowing costs, savings rates, and investment returns. When rates rise, mortgages and loans become more expensive; when they fall, borrowing becomes cheaper and existing bonds lose value.
All data is sourced from FRED (Federal Reserve Economic Data), the official economic database maintained by the Federal Reserve Bank of St. Louis. FRED provides free access to US economic and financial data.