Federal Funds Rate Data Tracks Historical Trends and Future Probabilities

Why it matters locally: Changes in the federal funds rate can influence borrowing costs for Montana businesses and consumers, impacting everything from agricultural loans to home mortgages across the state.

Financial markets regularly monitor the effective federal funds rate (EFFR), a significant benchmark. This rate represents the volume-weighted median of overnight federal funds transactions. The FR 2420 Report provides the data for its calculation. Interactive charts offer daily historical levels of the U.S. federal funds interest rate. This data extends back to 1954, allowing for long-term trend analysis. Additionally, investors and analysts consult tools like FedWatch. This resource tracks the probabilities of changes to the federal funds rate. It derives these probabilities from 30-Day Fed Funds futures prices. The latest update to this information occurred on September 15, 2026, at 07:00 UTC.