Interest rates · FEDFUNDS
Fed funds rate
As of Sep 2026, the fed funds rate stood at 3.75%, a change of +0.12 pt from the month before.
Source: Board of Governors of the Federal Reserve System via FRED®. Monthly data, not seasonally adjusted. Latest observation Sep 2026; snapshot taken Oct 26, 2026, 6:40 PM EDT.
Latest (Sep 2026)
3.75%
Change from Aug 2026
+0.12 pt
A year earlier
4.22%
12-month change
-11.1%
3.75% Sep 2026 · Percent
Percent. Data from Jul 1954 to Sep 2026 (867 observations).
What it measures
The federal funds rate is the interest rate banks charge each other for overnight loans. The Federal Reserve steers it toward a target range to cool or support the economy; this series is the monthly average of the actual (effective) rate.
- Official title
- Federal Funds Effective Rate
- Units
- Percent
- Frequency and adjustment
- Monthly, not seasonally adjusted
- Original source
- Board of Governors of the Federal Reserve System
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| Date | Value | Change |
|---|---|---|
| Sep 2026 | 3.75% | +0.12 pt |
| Aug 2026 | 3.63% | 0.00 pt |
| Jul 2026 | 3.63% | 0.00 pt |
| Jun 2026 | 3.63% | 0.00 pt |
| May 2026 | 3.63% | -0.01 pt |
| Apr 2026 | 3.64% | 0.00 pt |
| Mar 2026 | 3.64% | 0.00 pt |
| Feb 2026 | 3.64% | 0.00 pt |
| Jan 2026 | 3.64% | -0.08 pt |
| Dec 2025 | 3.72% | -0.16 pt |
| Nov 2025 | 3.88% | -0.21 pt |
| Oct 2025 | 4.09% | -0.13 pt |
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This page shows public economic data for general information. It is not financial advice and does not predict future values.
Sources
- Board of Governors of the Federal Reserve System, Federal Funds Effective Rate [FEDFUNDS], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/FEDFUNDS, Oct 26, 2026.
- View FEDFUNDS on FRED® · Board of Governors of the Federal Reserve System
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.