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The actual overnight rate at which banks lend reserves to each other, set by Fed open market operations. The primary instrument of U.S. monetary policy. Use for rate cycle identification, policy stance analysis, and macro regime detection. Daily frequency with full history back to 1954.
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https://stationfx.com/economic-data/monetary-policy/federal-funds-effective-rate
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function-marketplaceeconomic-datatime-seriesx402ai-agents
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