Historical Year Data · 2023
Effective Fed Funds Rate in 2023
Effective Fed Funds Rate opened 2023 at 4.33% and closed at 5.33%, a +23.09% move for the year. The high of 5.33% was reached on July 27, and the low of 4.33% on January 3.
Open
4.33%
2023-01
Close
5.33%
250 data points
High
5.33%
Jul 27
Low
4.33%
Jan 3
Full Year Change
+23.09%
2022 Change
+5312.50%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 4.33% | 4.33% | 4.33% | 4.33% | +0.00% |
| Feb | 4.33% | 4.57% | 4.58% | 4.33% | +5.54% |
| Mar | 4.58% | 4.83% | 4.83% | 4.57% | +5.46% |
| Apr | 4.83% | 4.83% | 4.83% | 4.83% | +0.00% |
| May | 4.83% | 5.08% | 5.08% | 4.83% | +5.18% |
| Jun | 5.08% | 5.08% | 5.08% | 5.07% | +0.00% |
| Jul | 5.08% | 5.33% | 5.33% | 5.07% | +4.92% |
| Aug | 5.33% | 5.33% | 5.33% | 5.33% | +0.00% |
| Sep | 5.33% | 5.33% | 5.33% | 5.33% | +0.00% |
| Oct | 5.33% | 5.33% | 5.33% | 5.33% | +0.00% |
| Nov | 5.33% | 5.33% | 5.33% | 5.33% | +0.00% |
| Dec | 5.33% | 5.33% | 5.33% | 5.33% | +0.00% |
Events During 2023
2023 Silicon Valley Bank Collapse
Mixed
March 2023
Silicon Valley Bank collapsed on March 10, 2023, the second-largest bank failure in US history. The Fed's response redefined liquidity backstops for the banking system.
2023 Credit Suisse Forced Merger
Mixed
March 15-19, 2023
Credit Suisse was forced into an emergency acquisition by UBS over the weekend of March 18-19, 2023. The deal wiped out AT1 bondholders while preserving some equity, reshaping bank capital structure risk assessment globally.
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