18 Sep 2026

fed funds

The US policy interest rate

The overnight rate at which US banks lend reserves to each other; the FOMC sets a target range for it.

The Federal Open Market Committee announces a target range of a quarter point, such as 3.75 to 4.00 %. worldstat.us shows the upper bound as context; the direction of change over three months is labelled tightening, easing or on hold.

On this site

All terms