Legend
- High Impact Expected
- Med Impact Expected
- Low Impact Expected
- Non-Economic
Revision
- Green NumberBetter than forecast -or- revised better
- Red NumberWorse than forecast -or- revised worse
- m/mMonth Over Month
- q/qQuarter Over Quarter
- y/yYear Over Year
- K Thousand
- M Million
- B Billion
- T Trillion
US Federal Funds Rate
It's an important driver of commodity demand - lower interest rates decrease carrying costs. Reduced costs to store goods will spur companies to make investments in raw materials, leading to higher inventory levels;
The rate decision is usually priced into the market, so it tends to be overshadowed by the FOMC Statement, which is focused on the future;
- US Federal Funds Rate Graph
- History
| Expected Impact / Date | Actual | Forecast | Previous |
|---|---|---|---|
| Jun 17, 2026 | 3.75% | 3.75% | 3.75% |
| Apr 29, 2026 | 3.75% | 3.75% | 3.75% |
| Mar 18, 2026 | 3.75% | 3.75% | 3.75% |
| Jan 28, 2026 | 3.75% | 3.75% | 3.75% |
| Dec 10, 2025 | 3.75% | 3.75% | 4.00% |
| Oct 29, 2025 | 4.00% | 4.00% | 4.25% |
| Sep 17, 2025 | 4.25% | 4.25% | 4.50% |
| Jul 30, 2025 | 4.50% | 4.50% | 4.50% |
- Details
Specs
Source:
Measures:
Interest rate at which depository institutions lend balances held at the Federal Reserve to other depository institutions overnight;
Usual Effect:
'Actual' less than 'Forecast' is good for energy prices;
Frequency:
Scheduled 8 times per year;
Derived Via:
FOMC members vote on where to set the target rate. The individual votes are published in the FOMC statement;
Also Called:
Interest Rates, Fed Funds Rate;
Acro Expand:
Federal Open Market Committee (FOMC);
Event Type:
Central Bank