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© 2026 Mark Jayson Nation

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Indicators/Topics/Money/Policy rate/United States

United States

Policy rate

The policy rate is the central bank's main short-term interest-rate instrument. It anchors money-market pricing and transmits monetary policy through credit conditions.

Active series

Effective Federal Funds Rate

FRED . FEDFUNDS

Policy rate in other countries

Provider

FRED

Frequency

monthly

Transformation

level
IndicatorsMoneyPolicy rate - United States

Policy rate - United States

United StatesFREDLive data
Live data
Latest3.64%
MoM0.00%
YoY-15.94%
10Y Avg2.30%
FrequencyMonthly
Surprise-0.01

Policy rate - United States time series chart. Showing observations from July 1954 to March 2026. Latest value 3.64%.

Min0.05%
Mean4.60%
Max19.10%

Series details

SourceFederal Reserve Bank of St. Louis (FRED)
CategoryMoney
FrequencyMonthly
Unit%
Last UpdatedMay 2, 2026
Transformslevel, mom, yoy, index 100
About this series

Federal Funds Effective Rate

Data provenance

Data aggregatorConditional use
Source terms

Other Money indicators for United States

Two-year government yieldTen-year government yield10Y minus 2Y yield spread
Open country pivot