DFF · as of 2026-11-04
Fed Funds (Daily)
Federal Funds Effective Rate
View on FRED · DFF ↗3.88%
yoy
▲ 0.26%
3653 obs · daily · percent── 1y ago 3.87%
What it is
Daily read on the Fed's policy rate. Use when timeliness matters.
- source
- FRED
- frequency
- daily
- units
- percent
- s.a.
- no
Note: Monthly-average version is FEDFUNDS; pick based on whether you want daily or monthly granularity.
What it’s telling us · as of 2026-11-04
Fed funds sits at 3.88%, essentially flat from a year ago when it printed 3.87% — the Fed's holding pattern is holding. Eight straight days at this level tells you the market isn't pricing in a move either direction in the near term, which means every other rate in the stack (mortgage, prime, HELOC) is anchored here until something breaks. Watch this line if you're timing a refi or a rate-lock on an acquisition — movement here telegraphs everywhere else, but right now the silence is the message: the Fed thinks 3.88% is the right level and isn't blinking.
⟡ auto-generated weekly · claude-haiku-4-5 · reviewed before publish
Related metrics
Get the data
Python · fredapi
"""
Fed Funds (Daily) — Daily read on the Fed's policy rate. Use when timeliness matters.
Freq: daily · Source: FRED
"""
from fredapi import Fred
fred = Fred(api_key="YOUR_FRED_API_KEY")
series = fred.get_series("DFF")
print(series.tail())LLM prompt
You are analyzing FRED series DFF — Federal Funds Effective Rate. Context: Daily read on the Fed's policy rate. Use when timeliness matters. Attributes - Units: percent - Frequency: daily - Source: FRED Latest observation: 3.88% as of 2026-11-04 Year-over-year change: +0.26% Analyze this metric for a tech-forward real estate investor with 1–3 properties. What is it signaling right now? What should I watch next?