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Federal funds rate (effective)

The overnight rate banks charge each other. The Federal Reserve sets a target range for it. Learn more.

3.88
Latest, Sep 24, 2026 (percent)
0.00
Change from Sep 23, 2026
4.09
A year earlier (Sep 24, 2025)
Jan 8, 2026Range 3.62 to 3.88Sep 24, 2026

Recent readings

Full history on FRED
DateValueChange
Sep 24, 20263.880.00
Sep 23, 20263.880.00
Sep 22, 20263.880.00
Sep 21, 20263.880.00
Sep 20, 20263.880.00
Sep 19, 20263.880.00
Sep 18, 20263.880.00
Sep 17, 20263.88+0.25
Sep 16, 20263.630.00
Sep 15, 20263.630.00
Sep 14, 20263.630.00
Sep 13, 20263.630.00

More in interest rates

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Source: FRED, Federal Reserve Bank of St. Louis. Series DFF.