Policy rates, United States
Effective fed funds↓ 0.23 pt in a year
3.88%22 Oct 2026, dailyTarget range
3.75–4.00%22 Oct 2026, dailyLast 5 years, month end
Effective fed funds
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Policy rates, US
Each keeps its own date| Series | Latest | As of | A year ago | Change |
|---|---|---|---|---|
| Effective federal funds rate | 3.88% | 22 Oct 2026 | 4.11% | ↓ −0.23 pt |
| Federal funds target range | 3.75–4.00% | 22 Oct 2026 | – | – |
Stored official series, not live. Breakevens are monthly averages of daily values.Sources