Interest rates

Effective federal funds rate

Name: Effective federal funds rate — U.S. manufacturing data
Creator: MFG Calcs
License: https://creativecommons.org/licenses/by/4.0/

As of Jul 1, 2026, effective federal funds rate stands at 3.63% (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.

Latest reading: 3.63% for Jul 1, 2026.
Prior period: 3.63% (Jun 30, 2026), a rise of 0.00.
Across the archived window the high was 3.63% in Jun 18, 2026 and the low was 3.63% in Jun 18, 2026.
14 observations have been archived so far, and this page deepens automatically each time Federal Reserve via FRED publishes a new figure.

Last reviewed 2026-05-12.