Federal Funds Effective Rate (FEDFUNDS) | FRED | St. Louis Fed
fred.stlouisfed.org › series › fedfundsNov 01, 2022 · (1) The rate that the borrowing institution pays to the lending institution is determined between the two banks; the weighted average rate for all of these types of negotiations is called the effective federal funds rate.(2) 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.(2) The Federal Open Market Committee (FOMC) meets eight times a year to determine the ...