Effective Federal Funds Rate
DFFLatest Value
Date: 2026-07-16
Data Count
26314recordsData from FRED source
Basic Info
Country: US
Frequency: Daily
Source: FRED
Next Release
07/30 03:00 JSTPeriod: Jul Meeting
Trend Chart (Line)
Historical Trend Data
| Date | Value (%) | MoM (Change) | YoY (Change) | 3-Month MA |
|---|---|---|---|---|
| 2026-07-16 | 3.63 | 0.00% | 0.00% | 3.63 |
| 2026-07-15 | 3.63 | 0.00% | 0.00% | 3.63 |
| 2026-07-14 | 3.63 | +0.28% | 0.00% | 3.62 |
| 2026-07-13 | 3.62 | 0.00% | -0.28% | 3.62 |
| 2026-07-12 | 3.62 | 0.00% | -0.28% | 3.62 |
| 2026-07-11 | 3.62 | 0.00% | -0.28% | 3.62 |
| 2026-07-10 | 3.62 | 0.00% | -0.28% | 3.62 |
| 2026-07-09 | 3.62 | 0.00% | -0.28% | 3.62 |
| 2026-07-08 | 3.62 | -0.28% | -0.28% | 3.63 |
| 2026-07-07 | 3.63 | 0.00% | 0.00% | 3.63 |
About Indicator
Explanation
What is the Effective Federal Funds Rate (DFF)?
The daily volume-weighted average rate at which depository institutions lend balances to each other overnight in the US.
Viewpoints on this Indicator
The actual, historical benchmark interest rate of the Federal Reserve. It anchors all borrowing costs and drives dollar liquidity globally.
Importance
HighView Details
Deep Dive
The Federal Reserve target range dictates DFF movement. Hikes contract dollar liquidity to curb inflation, while cuts expand liquidity to support economic growth.
Last Fetched: 7/19/2026, 3:16:05 AM
Flow of Analysis: FOMC Policy Decision
🔍1. Before (Leading)
Check these leading indicators a few days before to gauge expectations.
📊2. During (Core Values)
Check the headline and core figures at the moment of release.
⚡3. After (Market Reactions)
Track reactions in yields, currencies, and major stock indexes.