Interest rates
Effective Federal Funds Rate
As of Sep 29, 2026, effective federal funds rate stands at 3.88% (Federal Reserve via FRED), steady over the recent window.
What this measures and why it matters
- Effective Federal Funds Rate sets the cost of capital behind every equipment purchase, lease-versus-buy decision, and payback calculation. When it moves, the hurdle rate for automation and capacity projects moves with it, which changes what investments clear and how quickly they pay back.
- The figure comes from Federal Reserve via FRED and is reported in %. MFG Calcs archives every published value, so the chart and table below show the full recorded history rather than a single snapshot, and they extend automatically as new data lands.
Current reading and trend
- Latest reading: 3.88% for Sep 29, 2026.
- Prior period: 3.88% (Sep 28, 2026), a rise of 0.00.
- Across the archived window the high was 3.88% in Sep 17, 2026 and the low was 3.62% in Jul 8, 2026.
- 104 observations have been archived so far, and this page deepens automatically each time Federal Reserve via FRED publishes a new figure.
Recent observations
- Sep 29, 2026: 3.88%
- Sep 28, 2026: 3.88%
- Sep 27, 2026: 3.88%
- Sep 26, 2026: 3.88%
- Sep 25, 2026: 3.88%
- Sep 24, 2026: 3.88%
- Sep 23, 2026: 3.88%
- Sep 22, 2026: 3.88%
- Sep 21, 2026: 3.88%
- Sep 20, 2026: 3.88%
- Sep 19, 2026: 3.88%
- Sep 18, 2026: 3.88%
- Sep 17, 2026: 3.88%
- Sep 16, 2026: 3.63%
- Sep 15, 2026: 3.63%
- Sep 14, 2026: 3.63%
Last reviewed 2026-09-30.