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Fed interest rate

Fed Funds Target Upper Bound

4.00%Oct 16, 2026

Higher than 70% of readings in the last 10 years.

History

4.00%16 Oct 2026

Since Oct 15, 2026
No change
Over a year (vs Oct 16, 2025)
-0.25 pts
Range, last 10 years
0.25% to 5.50%

What this measures

The top of the Federal Reserve's target range for its benchmark interest rate.

How to read it

The Fed raises it to cool inflation and cuts it to support growth. It shapes rates on loans and savings.

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