US Federal Funds Target Rate
US Federal Funds Target Rate data, recent 37 years (traceable to Jan 01,1990), the yield unit is %, latest yield value is 3.64, updated at Apr 02,2026
Rate
Current: 3.64 % (+0.000 / +0.000%)
Apr 02,2026
Time Range: Jan 01,1990 ~ Apr 02,2026
Average: 3.09 %
Median: 3.06 %
Max: 10.39 % (Jan 23,1991)
Min: 0.04 % (Dec 30,2011)
FAQ
Global Government Bond Rates & Historical Data Charts
Track global treasury bond rates with daily historical charts. Access data for US, Germany, Japan, UK, Australia, and China bonds to analyze market trends.
Difference between Fed funds target rate and effective rate?
The Fed funds target rate is the level set by the Federal Reserve, while the effective rate is the actual interbank trading rate. The difference between the two reflects changes in market liquidity and interbank lending willingness.
How do Fed funds rates affect the economy?
Fed funds rates affect the economy by influencing borrowing costs. Rising rates suppress consumption and investment, while falling rates stimulate economic activity. This is an important tool for the Fed to regulate the economy.
How does the Federal Funds Rate impact the global economy?
The Federal Funds Rate influences economic activity by affecting global US dollar funding costs. Its changes transmit to short-term rates like the 2-month and 3-month Treasury bills, impacting global capital flows and asset prices.
How does the Federal Funds Rate compare to the ECB's rate?
The Federal Funds Rate and the ECB's main refinancing rate are the two most important benchmark rates globally. The spread between them influences the EUR/USD exchange rate and is a key driver of global capital flows.