FRED · FEDFUNDS
Federal Funds Rate
The federal funds rate is the interest rate at which banks lend reserve balances to other banks overnight. It is the primary tool the Federal Reserve uses to conduct monetary policy. When raised, it increases borrowing costs throughout the economy, cooling inflation. When lowered, it stimulates lending and economic activity.
The Federal Funds Rate was 3.75% as of 1 Sept 2026, within a range of 0.08% to 5.33% since 1 Oct 2021.
Current
3.75%
2026-09
5Y Low
0.08%
5Y High
5.33%
5Y Change
+4587.5%
Data points
60
3.75%as of 2026-09
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