Recent observations
Fed fundsTarget range, percent
Latest: 29 Jul 2026
Latest: 29 Jul 2026
Accessible data table
| Observation 1 | 4.5 |
| Observation 2 | 4.25 |
| Observation 3 | 4 |
| Observation 4 | 3.75 |
| Observation 5 | 3.625 |
| Observation 6 | 3.625 |
| Observation 7 | 3.625 |
Source: Federal Reserve · Values shown are a compact recent snapshot, not a complete history.
What it measures
The FOMC target range for the overnight federal funds rate.
Why markets care
It anchors short-term US money-market rates and influences financial conditions.
Limitations
- The target is not the same as the effective rate.
- Long yields can move independently with term premium and inflation expectations.
Revision awareness
Policy decision; not revised