The daily effective federal funds rate is a weighted average of rates on brokered trades. Weekly figures are averages of 7 calendar days ending on Wednesday of the current week; monthly figures include each calendar day in the month. Annualized using a 360-day year or bank interest.
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Source
self-made using data from the Federal Reserve[1] The gnuplot source code used to generate the graph is found on its discussion page at Wikimedia Commons.
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