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Federal Funds Rate
The interest rate the Fed sets to steer the economy.
3.63%
Percent · latest, Jun 2026
vs prior month→ 0.0 pp
vs year ago▼ 0.7 pp
| Year | Federal Funds Rate |
|---|---|
| 1954 | 1.28% |
| 1955 | 2.48% |
| 1956 | 2.94% |
| 1957 | 2.98% |
| 1958 | 2.42% |
| 1959 | 3.99% |
| 1960 | 1.98% |
| 1961 | 2.33% |
| 1962 | 2.93% |
| 1963 | 3.38% |
| 1964 | 3.85% |
| 1965 | 4.32% |
| 1966 | 5.40% |
| 1967 | 4.51% |
| 1968 | 6.02% |
| 1969 | 8.97% |
| 1970 | 4.90% |
| 1971 | 4.14% |
| 1972 | 5.33% |
| 1973 | 9.95% |
| 1974 | 8.53% |
| 1975 | 5.20% |
| 1976 | 4.65% |
| 1977 | 6.56% |
| 1978 | 10.03% |
| 1979 | 13.78% |
| 1980 | 18.90% |
| 1981 | 12.37% |
| 1982 | 8.95% |
| 1983 | 9.47% |
| 1984 | 8.38% |
| 1985 | 8.27% |
| 1986 | 6.91% |
| 1987 | 6.77% |
| 1988 | 8.76% |
| 1989 | 8.45% |
| 1990 | 7.31% |
| 1991 | 4.43% |
| 1992 | 2.92% |
| 1993 | 2.96% |
| 1994 | 5.45% |
| 1995 | 5.60% |
| 1996 | 5.29% |
| 1997 | 5.50% |
| 1998 | 4.68% |
| 1999 | 5.30% |
| 2000 | 6.40% |
| 2001 | 1.82% |
| 2002 | 1.24% |
| 2003 | 0.98% |
| 2004 | 2.16% |
| 2005 | 4.16% |
| 2006 | 5.24% |
| 2007 | 4.24% |
| 2008 | 0.16% |
| 2009 | 0.12% |
| 2010 | 0.18% |
| 2011 | 0.07% |
| 2012 | 0.16% |
| 2013 | 0.09% |
| 2014 | 0.12% |
| 2015 | 0.24% |
| 2016 | 0.54% |
| 2017 | 1.30% |
| 2018 | 2.27% |
| 2019 | 1.55% |
| 2020 | 0.09% |
| 2021 | 0.08% |
| 2022 | 4.10% |
| 2023 | 5.33% |
| 2024 | 4.48% |
| 2025 | 3.72% |
| 2026 | 3.63% |
Hover the line to read any month. Drag across the chart to zoom; double-click to reset.
Source: FRED · FEDFUNDS · series · Jul 1954 to Jun 2026 · latest-revised
Refreshed Jul 31, 2026 from FRED.
The interest rate the Fed sets to steer the economy.
Effective federal funds rate, monthly average.
Source: FRED · Jun 2026 · Full lesson → Learn
About the bands. Shaded spans are NBER-dated US recessions, drawn as factual overlays. They mark when the economy contracted, not why. Lining an event up with a move is not evidence it caused the move.
Read across
No single number is the economy. These measure nearby parts of it — add one to compare, or open it on its own.
- 10-Year Treasury Yield The longer-term borrowing rate, set by buyers and sellers rather than the Fed.
- 30-Year Mortgage Rate The household borrowing rate that moves with longer-term yields.
- CPI Inflation (YoY) The inflation reading the Fed weighs.