DFFFed PolicyDailyDFF — Effective Federal Funds Rate
The effective federal funds rate — the volume-weighted median rate at which depository institutions lend reserves to each other overnight.
Why DFF matters
The primary transmission channel of Fed monetary policy. Used to model policy stance, real rates, and financial conditions.
Get the latest value
Fetch the most recent Effective Federal Funds Rate reading with a single GET request. Free tier includes 100 calls per day.
Historical data
Retrieve the complete Effective Federal Funds Rate history with min/max/change statistics. Use the range parameter to control the window (1m, 3m, 6m, 1y, 2y, 5y). Free tier caps at 1 year; Pro extends to 5 years; Enterprise to 20 years.
Ask Claude via the connector
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What's the current DFF value, and what does it mean for the market right now?
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Aliases
You can also address this indicator using these shortcuts — the API resolves them to the canonical series ID transparently:
FED_FUNDSFFRFAQ
What is DFF?
DFF is the series ID for Effective Federal Funds Rate, sourced from Board of Governors of the Federal Reserve System. The effective federal funds rate — the volume-weighted median rate at which depository institutions lend reserves to each other overnight.
What's the current DFF value?
The most recent reading is 3.63 % as of August 10, 2026. This page updates hourly, or fetch fresh values via the REST API.
How do I get historical DFF data?
Call GET /api/v1/indicators/DFF/timeseries?range=5y with your API key. Free tier includes 1 year of history; Pro extends to 5 years; Enterprise to 20 years. Historical coverage: 1954-07/...