Abstract
The Effective Federal Funds Rate (EFFR) is a crucial interest rate that reflects the cost of banks borrowing funds from each other overnight. This rate is a significant indicator of the financial system’s health and stability in the United States. The rate values fluctuate due to various factors, such as changes in monetary policy, supply and demand for reserves, market expectations, events in financial markets, seasonal factors, and changes in regulations. Although it’s challenging to pinpoint the exact factors that cause the variation in this rate, the concepts of time series are employed to identify peak points of such changes. The resulting figures are obtained using R software, and the reviews corresponding to each EFFR value are parallel to the business market incidence in the USA. At the end of this paper, all the EFFR values from the year 2016 to 2021 are included, along with their corresponding reviews.
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