US Federal Funds Rate
It's an important driver of risk appetite - lower interest rates decrease borrowing costs. Reduced costs to borrow will spur investment spending;
The rate decision is usually priced into the market, so it tends to be overshadowed by the FOMC Statement, which is focused on the future;
- US Federal Funds Rate Graph
- History
| Expected Impact / Date | Actual | Forecast | Previous |
|---|---|---|---|
| Apr 29, 2026 | 3.75% | 3.75% | 3.75% |
| Mar 18, 2026 | 3.75% | 3.75% | 3.75% |
| Jan 28, 2026 | 3.75% | 3.75% | 3.75% |
| Dec 10, 2025 | 3.75% | 3.75% | 4.00% |
| Oct 29, 2025 | 4.00% | 4.00% | 4.25% |
| Sep 17, 2025 | 4.25% | 4.25% | 4.50% |
| Jul 30, 2025 | 4.50% | 4.50% | 4.50% |
| Jun 18, 2025 | 4.50% | 4.50% | 4.50% |
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- US Federal Funds Rate News
From finance.yahoo.com|6 hr agoUS Federal Reserve chief Kevin Warsh will chair his first meeting of the central bank's rate-setting committee next week caught between a rock and a hard place. Inflation is at a three-year high but Warsh still faces unrelenting pressure from the White House to lower interest rates. The bank's 12-member Federal Open Market Committee (FOMC) will begin a two-day meeting on Tuesday and is widely expected to hold rates steady as the effects of US President Donald Trump's war on Iran course through the world's largest economy. Warsh, who ...
From invezz.com|19 hr ago|3 commentsThe Federal Reserve's June policy meeting will mark a closely watched milestone for financial markets as newly installed Chair Kevin Warsh presides over his first Federal Open Market Committee (FOMC) gathering. The two-day meeting, scheduled for June 16-17, comes at a time when expectations for lower borrowing costs have largely evaporated amid persistent inflation pressures and a labour market that continues to show resilience. When President Donald Trump nominated Warsh to lead the central bank earlier this year, investors largely ...
From finance.yahoo.com|Apr 30, 2026Incoming Federal Reserve Chair Kevin Warsh said during his confirmation hearing that he wants “messier” interest-rate-setting meetings, where a “good family fight” can lead to better economic decisions. The table is now set. On Wednesday, three members of the Federal Open Market Committee dissented over language in the central bank’s policy statement that telegraphs a bias toward cutting interest rates. Cleveland Fed president Beth Hammack, Minneapolis Fed president Neel Kashkari, and Dallas Fed president Lorie Logan all preferred ...
From scotiabank.com|Apr 29, 2026The FOMC left the policy rate range of 3.5–3.75% unchanged along with balance sheet plans as universally expected. Guidance was mixed and tiptoed further yet toward a fully neutral if not hawkish bias that serves as an awkward segue into new leadership. A 55-minute press conference was well managed by Chair Powell with a lot of emphasis upon staying on the Board and defending Fed independence. All but the most emotionally vacuous couldn’t help but observe a degree of moroseness as Powell left the room for a final time as Chair. ...
From youtube.com/federalreserve|Apr 29, 2026|4 commentsThe Federal Reserve System is the central bank of the United States. It performs five general functions to promote the effective operation of the U.S. economy and, more generally, the public interest. The Federal Reserve conducts the nation’s monetary policy to promote maximum employment, stable prices, and moderate long-term interest rates in the U.S. economy; promotes the stability of the financial system and seeks to minimize and contain systemic risks through active monitoring and engagement in the U.S. and abroad; promotes the ...
From federalreserve.gov|Apr 29, 2026|41 commentsRecent indicators suggest that economic activity has been expanding at a solid pace. Job gains have remained low, on average, and the unemployment rate has been little changed in recent months. Inflation is elevated, in part reflecting the recent increase in global energy prices. The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. Developments in the Middle East are contributing to a high level of uncertainty about the economic outlook. The Committee is attentive to the risks to both sides of its dual mandate. In support of its goals, the Committee decided to maintain the target range for the federal funds rate at 3‑1/2 to 3‑3/4 percent. In considering the extent and timing of additional adjustments to the target range for the federal funds rate, the Committee will carefully assess incoming data, the evolving outlook, and the balance of risks. The Committee is strongly committed to supporting maximum employment and returning inflation to its 2 percent objective. In assessing the appropriate stance of monetary policy, the Committee will continue to monitor the implications of incoming information for the economic outlook. The Committee would be prepared to adjust the stance of monetary policy as appropriate if risks emerge that could impede the attainment of the Committee's goals. The Committee's assessments will take into account a wide range of information, including readings on labor market conditions, inflation pressures and inflation expectations, and financial and international developments. Voting for the monetary policy action were Jerome H. Powell, Chair; John C. Williams, Vice Chair; Michael S. Barr; Michelle W. Bowman; Lisa D. Cook; Philip N. Jefferson; Anna Paulson; and Christopher J. Waller. Voting against this action were Stephen I. Miran, who preferred to lower the target range for the federal funds rate by 1/4 percentage point at this meeting; and Beth M. Hammack, Neel Kashkari, and Lorie K. Logan, who supported maintaining the target range for the federal funds rate but did not support inclusion of an easing bias in the statement at this time. FED STATEMENT COMPARE: pic.twitter.com/mllHcAwtyT FED RATE DECISION AND POLICY STATEMENT DRAW MOST NUMBER OF DISSENTING VOTES SINCE OCTOBER 1992 *FED SAYS GOVERNOR STEPHEN MIRAN DISSENTS IN FAVOR OF RATE CUT *FED: HAMMACK, KASHKARI, LOGAN VOTED AGAINST EASING BIAS, BACKED *FED: MIDDLE EAST DEVELOPMENTS ADDING HIGH LEVEL OF UNCERTAINTY
From cnbc.com|Apr 29, 2026|8 commentsIn what could be Jerome Powell’s final meeting as Federal Reserve chair, he is expected to lead his fellow policymakers toward another cautious pause, with stubborn inflation and a resilient labor market leaving little room yet for interest rate cuts. The decision Wednesday will come against a backdrop of elevated energy prices and a central bank that has been above its 2% inflation target for five years at the same time that the labor market has been weak but not in distress. That’s not a recipe for easing, at least not yet. “On the ...
From thedailyeconomy.org|Apr 28, 2026The Federal Open Market Committee is widely expected to leave its policy rate unchanged at this week’s meeting. The CME Group puts the odds that the FOMC will continue to target the federal funds rate within the 3.5 to 3.75 percent range at 99.5 percent. But the near certainty regarding this week’s decisions masks the growing problem Fed officials face. The rise in energy prices tied to the conflict with Iran is the sort of negative supply shock that makes monetary policy especially difficult. It puts upward pressure on inflation ...
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| Released on Apr 29, 2026 |
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