Economy calendar/Official series
Federal funds target range
Federal Funds Target Range. Issued by Board of Governors of the Federal Reserve System (FOMC statements), republished as FRED DFEDTARU. Retrieved Thursday, October 15, 2026. Not a forecast.
3.75 to 4.00 percentLatest observation · September 2026
Checked Thursday, Oct. 15, 2026. September 2026 was appended to the not-seasonally-adjusted consumer price index (CPIAUCNS) from the Bureau of Labor Statistics public data API, series CUUR0000SA0: 2026-09-01 = 336.94. The September release, USDL-26-1574, prints that index as 336.940. August on this card was already 334.98 and was not rewritten. The St. Louis Fed graph download did not return. Payrolls were re-checked on bureau series CES0000000001: September 2026 remains 159044 and August remains 159015. Those observations were not rewritten. Unemployment and the effective federal funds rate live on the rates, jobs, and prices chart. The federal-funds graph file did not return. No October federal-funds value was entered. Next consumer price index: Tuesday, Nov. 10, 2026, 8:30 a.m. Eastern.
- FRED DFEDTARU
- FRED DFEDTARL (lower bound)
- Board of Governors of the Federal Reserve System program page
- FRED, Federal Reserve Bank of St. Louis
Recent official observations
| Period | Target range |
|---|---|
| September 2026 | 3.75 to 4.00 percent |
| August 2026 | 3.50 to 3.75 percent |
| December 2025 | 3.50 to 3.75 percent |
| October 2025 | 3.75 to 4.00 percent |
| September 2025 | 4.00 to 4.25 percent |
| December 2024 | 4.25 to 4.50 percent |
| November 2024 | 4.50 to 4.75 percent |
| September 2024 | 4.75 to 5.00 percent |
On this calendar
- Fed interest-rate decision (FOMC)September 15, 2026 · Raised the federal funds target 25 basis points to 3¾–4 percent. Vote 12–0. Interest on reserve balances 3.90 percent; primary credit 4.0 percent; both effective Sept. 17. SEP median 2026 funds-rate midpoint 4.1 percent (June 3.8); unemployment 4.1; personal consumption expenditures inflation 3.7.
- Next time the Fed could change rates (FOMC, Oct. 27–28)October 27, 2026 · scheduled, no figure yet
- Fed interest-rate decision (FOMC, SEP meeting)December 8, 2026 · scheduled, no figure yet