Central bank rates · EFFR
EFFR — the effective federal funds rate
The average rate at which US banks actually borrowed from one another overnight without collateral. Published monthly by Federal Reserve Bank of New York.
Trailing 12 months
| Period | Value | Change, % | Status |
|---|---|---|---|
| October 2026 | 3.88 | 0.0% | |
| September 2026 | 3.88 | +6.9% | |
| August 2026 | 3.63 | 0.0% | |
| July 2026 | 3.63 | 0.0% | |
| June 2026 | 3.63 | +0.3% | |
| May 2026 | 3.62 | −0.5% | |
| April 2026 | 3.64 | 0.0% | |
| March 2026 | 3.64 | 0.0% | |
| February 2026 | 3.64 | 0.0% | |
| January 2026 | 3.64 | 0.0% | |
| December 2025 | 3.64 | −6.4% | |
| November 2025 | 3.89 | +0.8% |
What this number means
The average rate at which US banks actually borrowed from one another overnight without collateral. This is the market outcome; the Fed's range is the target, and the distance between them shows how precisely policy is transmitting.
Source
Published by Federal Reserve Bank of New York.
Indicator code: EFFR.
The exact query these figures came from
Paskutinė mėnesio paskelbta reikšmė (dienos duomenys).
Used under the Federal Reserve Bank of New York's Terms of Use. The New York Fed is not responsible for this publication, does not sanction or endorse it, and has no liability for its use. SOFR is calculated from data licensed to the New York Fed by DTCC Solutions LLC; Solutions and its affiliates have no liability for the content. Terms of use
At a glance
| Change over one period | 0.0% | |
|---|---|---|
| Change over a year | +0.5% | |
| Highest | 3.89 | November 2025 |
| Lowest | 3.62 | May 2026 |
Changes are percentages relative to the comparison value. A zero or negative comparison value is shown as unavailable. Highest and lowest refer to the selected period.