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federal funds rate — 4 pages

Reference How to Read the Fed's H.15 Selected Interest Rates — Fed Funds, Treasury Yields and Quoting Bases The Fed's H.15 daily rates: on October 22, 2026 the effective federal funds rate was 3.88% and the 10-year Treasury yield 4.96%, down 0.17 percentage points in a day (calculated). Economy · Oct 25 Reference The Fed's Target Rate Is a Range, and Has Been Since December 16, 2008 — 3.75-4.00% After the September 2026 Increase The Federal Reserve's table is headed "target federal funds rate or range". Rows before December 16, 2008 carry one number; from that date, two. Since the September 16, 2026 increase: 3.75-4.00%. Economy · Oct 8 Reference FOMC Minutes, September 2026 — 12–0 Hike to 3-3/4 to 4%; Most Participants See Another Rise Likely Appropriate by Year End Fed minutes (Oct. 7, 2026): members voted 12–0 to raise the range 1/4 point to 3-3/4 to 4%. Most participants judged another increase likely appropriate by year end. Economy · Oct 8 Reference FOMC September 2026 Projections — Median End-2026 Rate 4.1% After a Hike to 3.75–4%, Up From 3.8% in June On September 16, 2026 the FOMC raised the target range to 3-3/4 to 4 percent, 12–0. Its median projection for the end-2026 federal funds rate is 4.1% (June: 3.8%); median 2026 PCE inflation is 3.7%. Economy · Oct 4