{"id":179468,"date":"2021-05-14T13:07:00","date_gmt":"2021-05-14T17:07:00","guid":{"rendered":"https:\/\/ibkrcampus.com\/glossary-terms\/fed-funds-effective-rate\/"},"modified":"2023-01-22T13:32:02","modified_gmt":"2023-01-22T18:32:02","slug":"fed-funds-effective-rate","status":"publish","type":"glossary-terms","link":"https:\/\/www.interactivebrokers.com\/campus\/glossary-terms\/fed-funds-effective-rate\/","title":{"rendered":"Fed Funds Effective Rate"},"content":{"rendered":"<p>The benchmark rate used for USD cash balances. It is the volume weighted average of the transactions processed through the Federal Reserve between member banks. It is intended to reflect the best estimate of interbank financing activity for Reserve Bank members and is the reference for many short term money market transactions in the broader market.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The benchmark rate used for USD cash balances. It is the volume weighted average of the transactions processed through the Federal Reserve between member banks. It is intended to reflect the best estimate of interbank financing activity for Reserve Bank members and is the reference for many short term money market transactions in the broader market.<\/p>\n","protected":false},"featured_media":0,"parent":0,"template":"","meta":{"_acf_changed":false,"footnotes":""},"traders-glossary":[13270,13251],"class_list":{"0":"post-179468","1":"glossary-terms","2":"type-glossary-terms","3":"status-publish","5":"traders-glossary-trading-terms-f","6":"traders-glossary-trading-alphabet"},"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Archives Term | IBKR Glossary | IBKR Campus<\/title>\n<meta name=\"description\" content=\"The benchmark rate used for USD cash balances. 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