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Federal funds rate

The main US interest rate, which sets the tone for global borrowing costs.

3.88%

Latest figure:

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Federal funds rate

Chart sampled for readability; CSV contains all observations.

%

Federal funds rate05101520Federal funds rate3.881954197820022026

Source: FRED · As of 5 November 2026

Show the numbers
DateFederal funds rate (%)
Jul 19540.8
Sep 19541.07
Nov 19540.83
Jan 19551.39
Mar 19551.35
May 19551.43
Jul 19551.68
Sep 19552.18
Nov 19552.35
Jan 19562.45
Mar 19562.5
May 19562.75
Jul 19562.75
Sep 19562.95
Nov 19562.88
Jan 19572.84
Mar 19572.96
May 19573
Jul 19572.99
Sep 19573.47
Nov 19573.28
Jan 19582.72
Mar 19581.2
May 19580.63
Jul 19580.68
Sep 19581.76
Nov 19582.27
Jan 19592.48
Mar 19592.8
May 19592.9
Jul 19593.47
Sep 19593.76
Nov 19594
Jan 19603.99
Mar 19603.84
May 19603.85
Jul 19603.23
Sep 19602.6
Nov 19602.44
Jan 19611.45
Mar 19612.02
May 19611.98
Jul 19611.17
Sep 19611.88
Nov 19612.61
Jan 19622.15
Mar 19622.85
May 19622.36
Jul 19622.71
Sep 19622.9
Nov 19622.94
Jan 19632.92
Mar 19632.98
May 19633
Jul 19633.02
Sep 19633.48
Nov 19633.48
Jan 19643.48
Mar 19643.43
May 19643.5
Jul 19643.42
Sep 19643.45
Nov 19643.52
Jan 19653.9
Mar 19654.05
May 19654.1
Jul 19654.09
Sep 19654.02
Nov 19654.1
Jan 19664.42
Mar 19664.66
May 19664.9
Jul 19665.3
Sep 19665.4
Nov 19665.76
Jan 19674.94
Mar 19674.53
May 19673.94
Jul 19673.79
Sep 19673.99
Nov 19674.13
Jan 19684.61
Mar 19685.05
May 19686.12
Jul 19686.03
Sep 19685.78
Nov 19685.82
Jan 19696.3
Mar 19696.79
May 19698.67
Jul 19698.61
Sep 19699.15
Nov 19698.85
Jan 19708.98
Mar 19707.76
May 19707.95
Jul 19707.21
Sep 19706.29
Nov 19705.6
Jan 19714.14
Mar 19713.71
May 19714.63
Jul 19715.31
Sep 19715.55
Nov 19714.91
Jan 19723.51
Mar 19723.83
May 19724.27
Jul 19724.55
Sep 19724.87
Nov 19725.06
Jan 19735.94
Mar 19737.09
May 19737.84
Jul 197310.4
Sep 197310.78
Nov 197310.03
Jan 19749.65
Mar 19749.35
May 197411.31
Jul 197412.92
Sep 197411.34
Nov 19749.45
Jan 19757.13
Mar 19755.54
May 19755.22
Jul 19756.1
Sep 19756.24
Nov 19755.22
Jan 19764.87
Mar 19764.84
May 19765.29
Jul 19765.31
Sep 19765.25
Nov 19764.95
Jan 19774.61
Mar 19774.69
May 19775.35
Jul 19775.42
Sep 19776.14
Nov 19776.51
Jan 19786.7
Mar 19786.79
May 19787.36
Jul 19787.81
Sep 19788.45
Nov 19789.76
Jan 197910.07
Mar 197910.09
May 197910.24
Jul 197910.47
Sep 197911.43
Nov 197913.18
Jan 198013.82
Mar 198017.19
May 198010.98
Jul 19809.03
Sep 198010.87
Nov 198015.85
Jan 198119.08
Mar 198114.7
May 198118.52
Jul 198119.04
Sep 198115.87
Nov 198113.31
Jan 198213.22
Mar 198214.68
May 198214.45
Jul 198212.59
Sep 198210.31
Nov 19829.2
Jan 19838.68
Mar 19838.77
May 19838.63
Jul 19839.37
Sep 19839.45
Nov 19839.34
Jan 19849.56
Mar 19849.91
May 198410.32
Jul 198411.23
Sep 198411.3
Nov 19849.43
Jan 19858.35
Mar 19858.58
May 19857.97
Jul 19857.88
Sep 19857.92
Nov 19858.05
Jan 19868.14
Mar 19867.48
May 19866.85
Jul 19866.56
Sep 19865.89
Nov 19866.04
Jan 19876.43
Mar 19876.13
May 19876.85
Jul 19876.58
Sep 19877.22
Nov 19876.69
Jan 19886.83
Mar 19886.58
May 19887.09
Jul 19887.75
Sep 19888.19
Nov 19888.35
Jan 19899.12
Mar 19899.85
May 19899.81
Jul 19899.24
Sep 19899.02
Nov 19898.55
Jan 19908.23
Mar 19908.28
May 19908.18
Jul 19908.15
Sep 19908.2
Nov 19907.81
Jan 19916.91
Mar 19916.12
May 19915.78
Jul 19915.82
Sep 19915.45
Nov 19914.81
Jan 19924.03
Mar 19923.98
May 19923.82
Jul 19923.25
Sep 19923.22
Nov 19923.09
Jan 19933.02
Mar 19933.07
May 19933
Jul 19933.06
Sep 19933.09
Nov 19933.02
Jan 19943.05
Mar 19943.34
May 19944.01
Jul 19944.26
Sep 19944.73
Nov 19945.29
Jan 19955.53
Mar 19955.98
May 19956.01
Jul 19955.85
Sep 19955.8
Nov 19955.8
Jan 19965.56
Mar 19965.31
May 19965.24
Jul 19965.4
Sep 19965.3
Nov 19965.31
Jan 19975.25
Mar 19975.39
May 19975.5
Jul 19975.52
Sep 19975.54
Nov 19975.52
Jan 19985.56
Mar 19985.49
May 19985.49
Jul 19985.54
Sep 19985.51
Nov 19984.83
Jan 19994.63
Mar 19994.81
May 19994.74
Jul 19994.99
Sep 19995.22
Nov 19995.42
Jan 20005.45
Mar 20005.85
May 20006.27
Jul 20006.54
Sep 20006.52
Nov 20006.51
Jan 20015.98
Mar 20015.31
May 20014.21
Jul 20013.77
Sep 20013.07
Nov 20012.09
Jan 20021.73
Mar 20021.73
May 20021.75
Jul 20021.73
Sep 20021.75
Nov 20021.34
Jan 20031.24
Mar 20031.25
May 20031.26
Jul 20031.01
Sep 20031.01
Nov 20031
Jan 20041
Mar 20041
May 20041
Jul 20041.26
Sep 20041.61
Nov 20041.93
Jan 20052.28
Mar 20052.63
May 20053
Jul 20053.26
Sep 20053.62
Nov 20054
Jan 20064.29
Mar 20064.59
May 20064.94
Jul 20065.24
Sep 20065.25
Nov 20065.25
Jan 20075.25
Mar 20075.26
May 20075.25
Jul 20075.26
Sep 20074.94
Nov 20074.49
Jan 20083.94
Mar 20082.61
May 20081.98
Jul 20082.01
Sep 20081.81
Nov 20080.39
Jan 20090.15
Mar 20090.18
May 20090.18
Jul 20090.16
Sep 20090.15
Nov 20090.12
Jan 20100.11
Mar 20100.16
May 20100.2
Jul 20100.18
Sep 20100.19
Nov 20100.19
Jan 20110.17
Mar 20110.14
May 20110.09
Jul 20110.07
Sep 20110.08
Nov 20110.08
Jan 20120.08
Mar 20120.13
May 20120.16
Jul 20120.16
Sep 20120.14
Nov 20120.16
Jan 20130.14
Mar 20130.14
May 20130.11
Jul 20130.09
Sep 20130.08
Nov 20130.08
Jan 20140.07
Mar 20140.08
May 20140.09
Jul 20140.09
Sep 20140.09
Nov 20140.09
Jan 20150.11
Mar 20150.11
May 20150.12
Jul 20150.13
Sep 20150.14
Nov 20150.12
Jan 20160.34
Mar 20160.36
May 20160.37
Jul 20160.39
Sep 20160.4
Nov 20160.41
Jan 20170.65
Mar 20170.79
May 20170.91
Jul 20171.15
Sep 20171.15
Nov 20171.16
Jan 20181.41
Mar 20181.51
May 20181.7
Jul 20181.91
Sep 20181.95
Nov 20182.2
Jan 20192.4
Mar 20192.41
May 20192.39
Jul 20192.4
Sep 20192.04
Nov 20191.55
Jan 20201.55
Mar 20200.65
May 20200.05
Jul 20200.09
Sep 20200.09
Nov 20200.09
Jan 20210.09
Mar 20210.07
May 20210.06
Jul 20210.1
Sep 20210.08
Nov 20210.08
Jan 20220.08
Mar 20220.2
May 20220.77
Jul 20221.68
Sep 20222.56
Nov 20223.78
Jan 20234.33
Mar 20234.65
May 20235.06
Jul 20235.12
Sep 20235.33
Nov 20235.33
Jan 20245.33
Mar 20245.33
May 20245.33
Jul 20245.33
Sep 20245.13
Nov 20244.64
Jan 20254.33
Mar 20254.33
May 20254.33
Jul 20254.33
Sep 20254.22
Nov 20253.88
Jan 20263.64
Mar 20263.64
May 20263.63
Jul 20263.63
Sep 20263.75
Oct 20263.88

Recent observations

Date%
October 20263.88
September 20263.75
August 20263.63
July 20263.63
June 20263.63
May 20263.63
April 20263.64
March 20263.64
February 20263.64
January 20263.64
December 20253.72
November 20253.88
October 20254.09
September 20254.22
August 20254.33
July 20254.33
June 20254.33
May 20254.33
April 20254.33
March 20254.33
February 20254.33
January 20254.33
December 20244.48
November 20244.64

Source: FRED · Attribution and methods