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The Federal Reserve cut interest rates on Wednesday by half a percentage point. Here are some takeaways from the decision and from remarks by the Fed chair, Jerome H. Powell.
View data of the Effective Federal Funds Rate, or the interest rate depository institutions charge each other for overnight loans of funds.
The Federal Reserve cut interest rates on Wednesday by half a percentage point, an unusually large move and a clear signal that central bankers think they are winning their war against...
Fed Funds Rate. What it means: The interest rate at which banks and other depository institutions lend money to each other, usually on an overnight basis. The law requires banks to keep a...
Frequency: Daily, 7-Day. For additional historical federal funds rate data, please see Daily Federal Funds Rate from 1928-1954. The federal funds rate is the interest rate at which depository institutions trade federal funds (balances held at Federal Reserve Banks) with each other overnight.
View data of the Effective Federal Funds Rate, or the interest rate depository institutions charge each other for overnight loans of funds.
The effective federal funds rate (EFFR) is calculated as a volume-weighted median of overnight federal funds transactions reported in the FR 2420 Report of Selected Money Market Rates. The New York Fed publishes the EFFR for the prior business day on the New York Fed’s website at approximately 9:00 a.m.
The Fed held borrowing costs steady at 5.33 percent on Wednesday, leaving them at a more than two-decade high where they have been set since July. Central bankers reiterated that they need...
The rate reported is that for the Federal Reserve Bank of New York. Historical series for the rate on adjustment credit as well as the rate on primary credit are available at www.federalreserve.gov/releases/h15/data.htm .
The fed funds rate is set at a range, which is currently between 4.75% and 5%. How does the federal funds rate work? The federal funds rate determines how expensive it is to borrow money.