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Federal Funds Effective Rate (FEDFUNDS)

tibble fedFundRows 0 Columns 4
Table

DESCRIPTION

Federal Funds Effective Rate (FEDFUNDS) The effective federal funds rate is essentially determined by the market but is influenced by the Federal Reserve through open market operations to reach the federal funds rate target(sell bond to raise fund rate)

UPDATES

monthly update

SOURCE

Federal Reserve Economic Data/St. Louis Fed

STORED

Federal Funds Effective Rate(FEDFUNDS)

USED BY

Sonia Nikiema

Columns

row.names  character

date  character

series_id  character

fedFund_rate  numeric

INFO Percent, Not Seasonally Adjusted / 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
2024-05-06 16:19:30 EDT < 1 s 2024-05-06 16:19:31 EDT