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Effective fed funds rate

Latest value: 3.88% for Oct 15, 2026, −0.22 pp from a year earlier (against Oct 15, 2025). 2,458 daily observations from Jan 3, 2017 to Oct 15, 2026, in percent. Source: FRED (FRED route); context series, not an input to the Nowflation CPI Gauge.

Latest observations

PeriodValue
Oct 15, 20263.88%
Oct 14, 20263.88%
Oct 13, 20263.88%
Oct 9, 20263.88%
Oct 8, 20263.88%
Oct 7, 20263.88%
Oct 6, 20263.88%
Oct 5, 20263.88%
Oct 2, 20263.88%
Oct 1, 20263.88%
Sep 30, 20263.88%
Sep 29, 20263.88%

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Cite: Nowflation, “Effective fed funds rate” (EFFR), data from FRED, retrieved October 18, 2026, https://nowflation.com/series/EFFR. The series at its source: FRED.

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