Interest rates · DFEDTARL

Fed target rate (lower)

As of Oct 28, 2026, the fed target rate (lower) stood at 3.75%, a change of 0.00 pt from previous reading.

Source: Board of Governors of the Federal Reserve System via FRED®. Daily data, not seasonally adjusted. Latest observation Oct 28, 2026; snapshot taken Oct 28, 2026, 9:44 AM EDT.

Latest (Oct 28, 2026)

3.75%

Change from Oct 27, 2026

0.00 pt

A year earlier

4.00%

12-month change

-6.3%

3.75% Oct 28, 2026 · Percent

0%2%4%6%20222023202420252026

Percent. Data from Dec 16, 2008 to Oct 28, 2026 (6,526 observations); older daily or weekly values are shown as month-end readings in the chart.

What it measures

This is the bottom of the federal funds target range set by the Federal Open Market Committee. Since December 2008 the Fed has set a range a quarter point wide instead of a single target.

Official title
Federal Funds Target Range - Lower Limit
Units
Percent
Frequency and adjustment
Daily, not seasonally adjusted
Original source
Board of Governors of the Federal Reserve System
Recent values
DateValueChange
Oct 28, 20263.75%0.00 pt
Oct 27, 20263.75%0.00 pt
Oct 26, 20263.75%0.00 pt
Oct 25, 20263.75%0.00 pt
Oct 24, 20263.75%0.00 pt
Oct 23, 20263.75%0.00 pt
Oct 22, 20263.75%0.00 pt
Oct 21, 20263.75%0.00 pt
Oct 20, 20263.75%0.00 pt
Oct 19, 20263.75%0.00 pt
Oct 18, 20263.75%0.00 pt
Oct 17, 20263.75%0.00 pt

Related indicators

Fed target rate (upper)

4.00%

Percent · Oct 28, 2026

Fed funds rate

3.75%

Percent · Sep 2026

Interest on reserve balances

3.90%

Percent · Oct 28, 2026

This page shows public economic data for general information. It is not financial advice and does not predict future values.

Sources

FRED® is a registered trademark of the Federal Reserve Bank of St. Louis. Neither the Federal Reserve Bank of St. Louis nor Board of Governors of the Federal Reserve System endorses OpenEcon.