The U.S. effective federal funds rate held steady at 3.64% on December 15, with $97 billion in overnight trading activity. This marks consistency from December 12, when the rate also sat at 3.64% across $102 billion in trades. These Fed operations data points matter—rate stability signals where the central bank stands on monetary policy, which ripples through traditional markets and inevitably impacts crypto sentiment and asset valuations. Traders monitoring macro conditions keep close tabs on these figures as indicators of potential shifts in liquidity conditions.