Economy · United States · Rates and bonds

US federal funds target (upper)

Name: US federal funds target (upper) (United States)
Creator: FinVolio

4.00% on 18 Oct 2026, unchanged since 17 Sept 2026.

Daily · % · 4.25% a year earlier · Updated 11 hrs ago

Range, past 10 years52-week and 10-year range The lowest and highest values over a period, with a marker for where the latest value sits between them. Learn more: 0.25% 16 Mar 20205.50% 27 Jul 2023
Over 3 monthsYear on year, month on month, quarter on quarter How a figure compares with the same period a year earlier (y/y), or with the period just before (m/m, q/q). Year-on-year removes seasonal swings; shorter comparisons show turning points sooner. Learn more: +0.25 ptsfrom 3.75%
Over 12 monthsPercentage points and basis points The difference between two percentages. A rate rising from 4.00% to 4.25% is up 0.25 percentage points, or 25 basis points; it is not up 0.25%. Learn more: −0.25 ptsfrom 4.25%
Long-run averageLong-run average The average of every reading in the series' history. A rough guide to what is normal, though economies change and some series never return to their old average. Learn more: 1.58%since 2008
Against its historyPercentile against history Where the latest reading ranks among every reading since the series began. The 90th percentile means it is higher than 90% of past readings. Learn more: 82ndpercentile: higher than 82% of readings since 2008

HistorySeasonally adjusted A figure with the regular calendar pattern removed (Christmas, school holidays, harvests), so one month can be compared fairly with the next. Learn more

%, daily

3.54.04.55.017 Oct 202418 Oct 202518 Oct 2026

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The latest 24 readings in this range.

Thu, 29 Oct, 5:00am Sydney time · Federal Reserve rate decision, for 28 Oct 2026

Model estimate80% range A band that the actual figure should land inside about four times in five. If actuals fall outside it more often than one time in five, the estimate is overconfident. Learn moreno change, with one 0.25-point move either side	4.00%range 3.75% to 4.25%
Last reading	4.00%18 Oct 2026

Estimates are FinVolio's own, made from this series and related indicators. They are not a consensus forecast and not advice.

The top of the Federal Reserve's target range for the overnight rate between US banks.

The world's most important policy rate. It pulls on global borrowing costs and on the Australian dollar.