Daily
ESTRECD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
0.00%
Date Range
1/5/2020 - 9/30/2022
Summary
The 'Daily' economic trend, also known as the Effective Federal Funds Rate (EFFR), measures the interest rate at which depository institutions lend reserve balances to other depository institutions on an overnight basis.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The EFFR is a key policy rate that reflects the federal funds market, where banks and other depository institutions lend and borrow reserves overnight. This rate is closely watched by economists and policymakers as an indicator of monetary policy and overall financial conditions.
Methodology
The EFFR is calculated and published daily by the Federal Reserve Bank of New York.
Historical Context
The EFFR is used by the Federal Reserve as a target rate to implement monetary policy and influence other short-term interest rates.
Key Facts
- The EFFR is published daily by the Federal Reserve Bank of New York.
- It represents the interest rate at which banks lend reserve balances to other banks overnight.
- The EFFR is a key policy rate used by the Federal Reserve to implement monetary policy.
FAQs
Q: What does this economic trend measure?
A: The 'Daily' trend, also known as the Effective Federal Funds Rate (EFFR), measures the interest rate at which banks and other depository institutions lend reserve balances to each other on an overnight basis.
Q: Why is this trend relevant for users or analysts?
A: The EFFR is a critical indicator of monetary policy and overall financial conditions, closely watched by economists and policymakers.
Q: How is this data collected or calculated?
A: The EFFR is calculated and published daily by the Federal Reserve Bank of New York.
Q: How is this trend used in economic policy?
A: The EFFR is used by the Federal Reserve as a target rate to implement monetary policy and influence other short-term interest rates.
Q: Are there update delays or limitations?
A: The EFFR is published daily by the Federal Reserve Bank of New York, with no known update delays or limitations.
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Citation
U.S. Federal Reserve, Effective Federal Funds Rate (ESTRECD), retrieved from FRED.