The benchmark interest rate in the United States was last recorded at 3.75 percent. This dataset provides the latest reported value for - United States Fed Funds Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Graph and download economic data for FOMC Summary of Economic Projections for the Fed Funds Rate, Central Tendency, Midpoint (FEDTARCTM) from 2026 to 2028 about projection, federal, rate, and USA.

FOMC Fed Funds Rate Projections - Low Range - Historical chart and current data through 2028.

FOMC Economic Projections - Fed Funds Rate - Historical chart and current data through 2028.

United States - FOMC Summary of Economic Projections for the Fed Funds Rate, Median was 3.10% in January of 2028, according to the United States Federal Reserve. Historically, United States - FOMC Summary of Economic Projections for the Fed Funds Rate, Median reached a record high of 5.40 in January of 2023 and a record low of 0.10 in January of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - FOMC Summary of Economic Projections for the Fed Funds Rate, Median - last updated from the United States Federal Reserve on March of 2026.

United States FOMC Projection: Federal Funds Rate: Median: Year 3 (Y3) data was reported at 3.100 % in Dec 2025. This stayed constant from the previous number of 3.100 % for Sep 2025. United States FOMC Projection: Federal Funds Rate: Median: Year 3 (Y3) data is updated quarterly, averaging 0.100 % from Sep 2015 (Median) to Dec 2025, with 23 observations. The data reached an all-time high of 3.400 % in Sep 2018 and a record low of 0.100 % in Dec 2020. United States FOMC Projection: Federal Funds Rate: Median: Year 3 (Y3) data remains active status in CEIC and is reported by Federal Reserve Board. The data is categorized under Global Database’s United States – Table US.M: Federal Funds Rates: Summary of Economic Projections: Federal Reserve Board.

United States - Longer Run FOMC Summary of Economic Projections for the Fed Funds Rate, Range, Midpoint was 3.25% in September of 2025, according to the United States Federal Reserve. Historically, United States - Longer Run FOMC Summary of Economic Projections for the Fed Funds Rate, Range, Midpoint reached a record high of 3.80 in June of 2015 and a record low of 2.50 in June of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Longer Run FOMC Summary of Economic Projections for the Fed Funds Rate, Range, Midpoint - last updated from the United States Federal Reserve on February of 2026.

United States FOMC Projection: Federal Funds Rate: Central Tendency: Y3: Upper End data was reported at 3.600 % in Dec 2025. This stayed constant from the previous number of 3.600 % for Sep 2025. United States FOMC Projection: Federal Funds Rate: Central Tendency: Y3: Upper End data is updated quarterly, averaging 0.400 % from Sep 2015 (Median) to Dec 2025, with 22 observations. The data reached an all-time high of 4.100 % in Sep 2023 and a record low of 0.400 % in Dec 2020. United States FOMC Projection: Federal Funds Rate: Central Tendency: Y3: Upper End data remains active status in CEIC and is reported by Federal Reserve Board. The data is categorized under Global Database’s United States – Table US.M: Federal Funds Rates: Summary of Economic Projections: Federal Reserve Board.

United States FOMC Projection: Federal Funds Rate: Range: Y3: Lower End data was reported at 2.600 % in Dec 2025. This stayed constant from the previous number of 2.600 % for Sep 2025. United States FOMC Projection: Federal Funds Rate: Range: Y3: Lower End data is updated quarterly, averaging 0.100 % from Sep 2015 (Median) to Dec 2025, with 22 observations. The data reached an all-time high of 2.900 % in Sep 2015 and a record low of 0.100 % in Dec 2020. United States FOMC Projection: Federal Funds Rate: Range: Y3: Lower End data remains active status in CEIC and is reported by Federal Reserve Board. The data is categorized under Global Database’s United States – Table US.M: Federal Funds Rates: Summary of Economic Projections: Federal Reserve Board.

United States - Longer Run FOMC Summary of Economic Projections for the Fed Funds Rate, Range, High was 3.90% in September of 2025, according to the United States Federal Reserve. Historically, United States - Longer Run FOMC Summary of Economic Projections for the Fed Funds Rate, Range, High reached a record high of 4.30 in June of 2015 and a record low of 3.00 in December of 2017. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Longer Run FOMC Summary of Economic Projections for the Fed Funds Rate, Range, High - last updated from the United States Federal Reserve on February of 2026.

United States - Longer Run FOMC Summary of Economic Projections for the Fed Funds Rate, Central Tendency, Low was 2.80% in September of 2025, according to the United States Federal Reserve. Historically, United States - Longer Run FOMC Summary of Economic Projections for the Fed Funds Rate, Central Tendency, Low reached a record high of 3.50 in June of 2015 and a record low of 2.30 in June of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Longer Run FOMC Summary of Economic Projections for the Fed Funds Rate, Central Tendency, Low - last updated from the United States Federal Reserve on February of 2026.

United States - Longer Run FOMC Summary of Economic Projections for the Personal Consumption Expenditures Inflation Rate, Range, Low was 2.00000 Fourth Qtr. to Fourth Qtr. % Chg. in September of 2025, according to the United States Federal Reserve. Historically, United States - Longer Run FOMC Summary of Economic Projections for the Personal Consumption Expenditures Inflation Rate, Range, Low reached a record high of 2.00000 in January of 2012 and a record low of 1.50000 in May of 2009. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Longer Run FOMC Summary of Economic Projections for the Personal Consumption Expenditures Inflation Rate, Range, Low - last updated from the United States Federal Reserve on March of 2026.

United States FOMC Projection: Federal Funds Rate: Range: Y3: Upper End data was reported at 3.900 % in Dec 2025. This stayed constant from the previous number of 3.900 % for Sep 2025. United States FOMC Projection: Federal Funds Rate: Range: Y3: Upper End data is updated quarterly, averaging 1.400 % from Sep 2015 (Median) to Dec 2025, with 22 observations. The data reached an all-time high of 5.600 % in Dec 2022 and a record low of 1.100 % in Dec 2020. United States FOMC Projection: Federal Funds Rate: Range: Y3: Upper End data remains active status in CEIC and is reported by Federal Reserve Board. The data is categorized under Global Database’s United States – Table US.M: Federal Funds Rates: Summary of Economic Projections: Federal Reserve Board.

United States FOMC Projection: PCE Inflation: Range: Y3: Upper End data was reported at 2.000 % in Dec 2025. This stayed constant from the previous number of 2.000 % for Sep 2025. United States FOMC Projection: PCE Inflation: Range: Y3: Upper End data is updated quarterly, averaging 2.100 % from Sep 2015 (Median) to Dec 2025, with 22 observations. The data reached an all-time high of 3.000 % in Dec 2022 and a record low of 2.000 % in Dec 2025. United States FOMC Projection: PCE Inflation: Range: Y3: Upper End data remains active status in CEIC and is reported by Federal Reserve Board. The data is categorized under Global Database’s United States – Table US.I: PCE Price Index: Projection: Federal Reserve Board.

United States - Longer Run FOMC Summary of Economic Projections for the Fed Funds Rate, Range, Low was 2.60% in September of 2025, according to the United States Federal Reserve. Historically, United States - Longer Run FOMC Summary of Economic Projections for the Fed Funds Rate, Range, Low reached a record high of 3.30 in June of 2015 and a record low of 2.00 in September of 2019. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Longer Run FOMC Summary of Economic Projections for the Fed Funds Rate, Range, Low - last updated from the United States Federal Reserve on February of 2026.

Policy interest rates in the United States and Europe declined markedly in 2025, with all observed economies implementing multiple rate cuts over the course of the year. In the United States, the federal funds rate was reduced from **** percent at the end of 2024 to **** percent by year-end 2025. Similarly, the European Central Bank lowered its main refinancing rate from **** percent to **** percent, while the Bank of England reduced its bank rate from **** percent to **** percent. Based on forecasts conducted in 2024, both the U.S. federal funds rate and the Bank of England’s policy rate are expected to decline further in 2026. The impact of central bank policy rates The U.S. federal funds effective rate, crucial in determining the interest rate paid by depository institutions, experienced drastic changes in response to the COVID-19 pandemic. The subsequent slight changes in the effective rate reflected the efforts to stimulate the economy and manage economic factors such as inflation. Such fluctuations in the federal funds rate have had a significant impact on the overall economy. The European Central Bank's decision to cut its fixed interest rate in June 2024 for the first time since 2016 marked a significant shift in attitude towards economic conditions. The reasons behind the fluctuations in the ECB's interest rate reflect its mandate to ensure price stability and manage inflation, shedding light on the complex interplay between interest rates and economic factors. Inflation and real interest rates The relationship between inflation and interest rates is critical in understanding the actions of central banks. Central banks' efforts to manage inflation through interest rate adjustments reveal the intricate balance between economic growth and inflation. Additionally, the concept of real interest rates, adjusted for inflation, provides valuable insights into the impact of inflation on the economy.

United States FOMC Projection: Unemployment Rate: Median: Year 3 (Y3) data was reported at 4.200 % in Dec 2025. This stayed constant from the previous number of 4.200 % for Sep 2025. United States FOMC Projection: Unemployment Rate: Median: Year 3 (Y3) data is updated quarterly, averaging 4.000 % from Sep 2015 (Median) to Dec 2025, with 22 observations. The data reached an all-time high of 4.800 % in Sep 2015 and a record low of 3.500 % in Dec 2021. United States FOMC Projection: Unemployment Rate: Median: Year 3 (Y3) data remains active status in CEIC and is reported by Federal Reserve Board. The data is categorized under Global Database’s United States – Table US.G: Current Population Survey: Unemployment Rate: Projection: Federal Reserve Board.

FOMC Economic Projections - PCE Inflation Rate - Historical chart and current data through 2028.

Graph and download economic data for FOMC Summary of Economic Projections for the Growth Rate of Real Gross Domestic Product, Median (GDPC1MD) from 2026 to 2028 about projection, median, real, GDP, rate, and USA.

United States - Longer Run FOMC Summary of Economic Projections for the Fed Funds Rate, Central Tendency, High was 3.50% in September of 2025, according to the United States Federal Reserve. Historically, United States - Longer Run FOMC Summary of Economic Projections for the Fed Funds Rate, Central Tendency, High reached a record high of 3.80 in September of 2015 and a record low of 2.50 in June of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Longer Run FOMC Summary of Economic Projections for the Fed Funds Rate, Central Tendency, High - last updated from the United States Federal Reserve on February of 2026.