The Fed Funds Rate target range was reduced to:
1.75% to 2.00%
Effective September 19, 2019

Federal Funds Rate

(Fed Funds Target Rate or Intended Fed Funds Rate)

COSI Rate

Federal Funds Rate Definition

What is the Fed Funds Rate?

Commonly known as the Fed Funds Rate, the Federal Funds Rate is a short-term rate objective or “Target Rate” of the Federal Reserve Board. Also known as the Intended Federal Funds Rate, it can be expressed as a specific rate or as a range of rates.  The “Actual Rate” is known as the Effective Federal Funds Rate, is the interest rate at which depository institutions actually lend balances at the Federal Reserve to other depository institutions overnight.  The Actual Rate changes daily but is usually close to the Target Rate or within the range desired by the Federal Reserve.  Adjustments to the Federal Funds Target Rate are made by the Federal Open Market Committee (FOMC) usually at regularly scheduled meetings; but can also be adjusted at any time with an emergency meeting.  The Fed Funds Rate reported in the chart is based upon the Fed Funds Rate on the first day of each respective month.

In 2019, the Federal Reserve’s Federal Open Market Committee (FOMC) plans to hold its meetings on January 29-30, March 19-20, April 30-May 1, June 18-19, July 30-31, September 17-18, October 29-30, and December 10-11.

Fed Funds Graph

See More Rates
Prime Rate
Daily Rate Updates
Fed Funds Rate
Rate Comparison Charts
1 Year Libor
6 Month Libor
3 Month Libor
1 Month Libor
1 Year CMT Rate
12 Month Treasury Average
Cost of Funds Index
Cost of Savings Index

Fed Funds History

Fed Fund Chart

Source: Federal Reserve Board

Fed Funds Rate Complete History

(Based upon the Effective Federal Funds Rate)

Fed Funds Rate History - Effective Fed Funds Rate - Graph

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