[{"data":1,"prerenderedAt":96},["ShallowReactive",2],{"term:federal-funds-rate":3},{"term":4,"related":83},{"id":5,"title":6,"body":7,"category":65,"description":66,"extension":67,"faq":68,"meta":69,"navigation":70,"path":71,"related":72,"seo":76,"stem":77,"takeaways":78,"__hash__":82},"terms\u002Fterms\u002Ffederal-funds-rate.md","Federal Funds Rate",{"type":8,"value":9,"toc":58},"minimark",[10,15,19,22,26,34,38],[11,12,14],"h2",{"id":13},"understanding-federal-funds-rate","Understanding Federal Funds Rate",[16,17,18],"p",{},"The Federal Open Market Committee sets a target range for the federal funds rate, usually at eight scheduled meetings a year. It is the main lever of U.S. monetary policy.",[16,20,21],{},"Changes ripple out to other rates: the prime rate, credit card rates, savings yields, and, indirectly, mortgage rates and bond yields.",[11,23,25],{"id":24},"in-2026","In 2026",[16,27,28,29,33],{},"As of late October 2026, the target range is ",[30,31,32],"strong",{},"3.75% to 4.00%",". The Fed raised it by a quarter point on September 16, 2026, its first increase since 2023, citing inflation driven by higher oil prices. It held the range steady on October 28, 2026, on a 10–2 vote, with two officials preferring another increase.",[11,35,37],{"id":36},"sources","Sources",[39,40,41,51],"ul",{},[42,43,44],"li",{},[45,46,50],"a",{"href":47,"rel":48},"https:\u002F\u002Fwww.federalreserve.gov\u002Fmonetarypolicy\u002Ffiles\u002Fmonetary20260916a1.pdf",[49],"nofollow","Federal Reserve: September 16, 2026 statement",[42,52,53],{},[45,54,57],{"href":55,"rel":56},"https:\u002F\u002Fwww.cnbc.com\u002F2026\u002F10\u002F28\u002Ffed-interest-rate-decision-october-2026.html",[49],"CNBC: Fed holds rates steady, October 2026",{"title":59,"searchDepth":60,"depth":60,"links":61},"",2,[62,63,64],{"id":13,"depth":60,"text":14},{"id":24,"depth":60,"text":25},{"id":36,"depth":60,"text":37},"economy","The interest rate U.S. banks charge each other for overnight loans, targeted by the Federal Reserve.","md",[],{},true,"\u002Fterms\u002Ffederal-funds-rate",[73,74,75],"monetary-policy","interest-rate","yield-curve",{"title":6,"description":66},"terms\u002Ffederal-funds-rate",[79,80,81],"The fed funds rate is the Fed's main policy rate.","The Fed sets a target range, not a single number.","It influences most other U.S. interest rates.","xYghWfZ6to2LG8vB2m9Qfxff-2EjBv3YGfvME71Vobo",[84,88,92],{"title":85,"description":86,"path":87},"Interest Rate","The cost of borrowing money, or the return for lending it, as a percentage per year.","\u002Fterms\u002Finterest-rate",{"title":89,"description":90,"path":91},"Monetary Policy","How a central bank manages interest rates and the money supply to steer the economy.","\u002Fterms\u002Fmonetary-policy",{"title":93,"description":94,"path":95},"Yield Curve","A chart of interest rates on bonds of the same credit quality across different maturities.","\u002Fterms\u002Fyield-curve",1793374005102]