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US Federal Funds Rate
General information only, not personalized financial or investment advice.
The effective federal funds rate — the rate at which US banks lend reserve balances to each other overnight, and the closest daily, freely available proxy for the Federal Reserve's benchmark rate. It anchors US variable-rate lending and savings products.
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Methodology
Collected from Federal Reserve Economic Data (FRED), series DFF — the daily effective federal funds rate. This differs from the FOMC's target range (e.g. DFEDTARU / DFEDTARL), which is set at scheduled meetings and moves in discrete steps; DFF is the actual daily market rate within that target range.