United States: Federal Funds Rate - Target Rate

Macro

2026-10-29

Description

The Federal Funds Target Rate is set by the Federal Open Market Committee (FOMC) and serves as the target range for the interest rate at which commercial banks lend to each other overnight. The Federal Reserve (Fed) uses this rate to guide the liquidity and borrowing costs in the economy. By influencing the federal funds rate, the Fed aims to achieve its monetary policy objectives, such as controlling inflation and promoting maximum employment.

Published by
Federal Reserve System (Choice)
Frequency
Aperiodically
Next Update
Hashtags
Finance United States

AI Data Insight

In October 2026, the U.S. federal funds rate remained unchanged at 4.0%, flat with the previous value in September. Amidst mixed data of rebounding inflation and weakening employment, divergence emerged within the FOMC, and market expectations for another rate hike before the end of the year remain high.

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AI Data Insight

In October 2026, the U.S. federal funds rate remained unchanged at 4.0%, flat with the previous value in September. Amidst mixed data of rebounding inflation and weakening employment, divergence emerged within the FOMC, and market expectations for another rate hike before the end of the year remain high.

Dive in →

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Macro
Description

The Federal Funds Target Rate is set by the Federal Open Market Committee (FOMC) and serves as the target range for the interest rate at which commercial banks lend to each other overnight. The Federal Reserve (Fed) uses this rate to guide the liquidity and borrowing costs in the economy. By influencing the federal funds rate, the Fed aims to achieve its monetary policy objectives, such as controlling inflation and promoting maximum employment.

Published by
Federal Reserve System (Choice)
Frequency
Aperiodically
Next Update
Hashtags
Finance United States