US Interest Rates

The current Fed funds rate is 5.33% as of 2023-11-06. You can find the latest US interest rates analytics and data on MacroVar.

Update: 2023-11-06
Fed Funds rate 5.33%
Prime rate 8.5%
LIBOR 1 Month -0.61943%
LIBOR 3 Months 5.64478%
LIBOR 6 Months 5.8728%
LIBOR 12 Months 6.04143%
SOFR rate 5.32%
90-Day Average SOFR 5.34168%
30-Day Average SOFR 5.32204%
180-Day Average SOFR 5.26696%

US Interest Rates Chart

US Interest rates

What are US Interest Rates

US Interest rates are a critical aspect of the U.S. economy, influencing everything from borrowing costs to investment decisions. The Federal Reserve, the central banking system of the United States, plays a key role in determining interest rates.

The federal funds rate is a crucial benchmark. It's the interest rate at which banks lend to each other overnight. The Federal Reserve sets a target range for this rate, influencing short-term interest rates throughout the economy.

When the economy is strong, the Fed may raise interest rates to prevent inflation. Higher rates make borrowing more expensive, slowing spending and investment. Conversely, during economic downturns, the Fed might lower rates to stimulate borrowing and spending.

Mortgage rates, credit card rates, and other consumer interest rates often follow the lead of the federal funds rate. Investors also watch interest rates closely, as they impact the returns on various investments.

It's a delicate balancing act for the Federal Reserve, aiming to promote economic growth while keeping inflation in check. Monitoring interest rate trends is essential for anyone involved in financial planning, investing, or economic analysis.

US Interest Rates Data

MacroVar provides analytics and historical data for the following US interest rates: Fed funds rate, USD 1-month LIBOR, USD 3-month LIBOR, USD 6-month LIBOR and SOFR rate. Moreover, MacroVar montiors the dynamics of SOFR futures and the SOFR forward curve to gauge the market expectations for the Federal Reserve's monetary policy actions (rate hikes/cuts) and its effects on the economy.