Yield Curve & Ratesdaily
Effective Fed Funds Rate
Effective federal funds rate, the actual rate banks charge each other overnight.
The Effective Fed Funds Rate is currently 3.63%, last updated .
3.63%
1W +0.00%1M -0.27%3M -0.27%
Updated 2h agoStatistical forecast 2026
Model-based central estimate, 68% and 95% confidence bands for Effective Fed Funds Rate, blended across current macro regimes.
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Interest rates set the price of money and ripple through every asset class. An inverted yield curve has preceded every U.S. recession since the 1960s, making this the single most-watched corner of fixed income. Monitoring rate differentials, real yields, and forward expectations helps traders anticipate risk-on or risk-off regime shifts.
Updated 2h ago
Recent Data
Download CSV| Date | Value | Change |
|---|---|---|
| May 14, 2026 | 3.63% | +0.00% |
| May 13, 2026 | 3.63% | +0.00% |
| May 12, 2026 | 3.63% | +0.00% |
| May 11, 2026 | 3.63% | +0.00% |
| May 8, 2026 | 3.63% | +0.00% |
| May 7, 2026 | 3.63% | -0.27% |
| May 6, 2026 | 3.64% | +0.00% |
| May 5, 2026 | 3.64% | +0.00% |
| May 4, 2026 | 3.64% | +0.00% |
| May 1, 2026 | 3.64% | +0.00% |
| Apr 30, 2026 | 3.64% | +0.00% |
| Apr 29, 2026 | 3.64% | +0.00% |
| Apr 28, 2026 | 3.64% | +0.00% |
| Apr 27, 2026 | 3.64% | +0.00% |
| Apr 24, 2026 | 3.64% | +0.00% |
| Apr 23, 2026 | 3.64% | +0.00% |
| Apr 22, 2026 | 3.64% | +0.00% |
| Apr 21, 2026 | 3.64% | +0.00% |
| Apr 20, 2026 | 3.64% | +0.00% |
| Apr 17, 2026 | 3.64% | +0.00% |
| Apr 16, 2026 | 3.64% | +0.00% |
| Apr 15, 2026 | 3.64% | +0.00% |
| Apr 14, 2026 | 3.64% | +0.00% |
| Apr 13, 2026 | 3.64% | — |
Related in Yield Curve & Rates
3-Month Treasury Yield
Yield on 3-month US Treasury bill, the shortest benchmark maturity on the curve.
1Y Treasury Yield
Yield on 1-year US Treasury constant maturity securities.
2Y Treasury Yield
Yield on 2-year US Treasury, key Fed expectations proxy.
5Y Treasury Yield
Yield on 5-year US Treasury constant maturity securities.
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Forecast 2026
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Frequently Asked Questions
▶What is Effective Fed Funds Rate?
Effective federal funds rate, the actual rate banks charge each other overnight.
▶How does Effective Fed Funds Rate relate to yield curve & rates?
Effective Fed Funds Rate is part of the Yield Curve & Rates category. Interest rates set the price of money and ripple through every asset class. An inverted yield curve has preceded every U.S. recession since the 1960s, making this the single most-watched corner of fixed income. Monitoring rate differentials, real yields, and forward expectations helps traders anticipate risk-on or risk-off regime shifts.
▶How often is Effective Fed Funds Rate updated?
Effective Fed Funds Rate is updated once per day after market close. Each metric page on Convex shows the exact time of the last data update and provides historical data going back up to five years.
▶Where does Convex source Effective Fed Funds Rate data?
Convex sources Effective Fed Funds Rate data from the Federal Reserve Economic Data (FRED) API, maintained by the Federal Reserve Bank of St. Louis. Data is fetched automatically and displayed alongside interactive charts, AI analysis, and historical context.
▶What can I do on the Effective Fed Funds Rate chart page?
The Effective Fed Funds Rate page includes an interactive chart with selectable time ranges (1 month to 5 years), percentage changes over multiple timeframes, a table of recent readings, AI-generated analysis, and links to related metrics and comparisons.
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Data sourced from FRED, CoinGecko, CBOE, CFTC, and EIA. Updated daily. This page is for informational purposes only and does not constitute financial advice.