3.64%
2026 (thru Jul) (latest)
FEDERAL FUNDS RATE
percent, annual average · 1954–2026 · neither direction is "better" · FRED FEDFUNDS
1.01%
1954
16.38%
high · 1981
0.08%
low · 2021
+2.6 pts
since 1954
┊ dashed lines mark 1979 Oil shock & inflation peak · 1987 Black Monday crash · 1991 Gulf War recession · 2001 Dot-com bust & 9/11 · 2008 Global financial crisis · 2020 COVID-19 pandemic
Method & caveats. Effective federal funds rate.
Sources
Every value on this page is read from the publisher below. Current and historical source documents:
- https://fred.stlouisfed.org/series/FEDFUNDS
- https://github.com/danielmiessler/substrate/tree/main/Data/US-Long-Run-Indicators
Data
| Year | Federal Funds Rate | Change |
|---|---|---|
| 2026 | 3.64% | −0.6 pts |
| 2025 | 4.21% | −0.9 pts |
| 2024 | 5.14% | +0.1 pts |
| 2023 | 5.02% | +3.3 pts |
| 2022 | 1.68% | +1.6 pts |
| 2021 | 0.08% | −0.3 pts |
| 2020 | 0.38% | −1.8 pts |
| 2019 | 2.16% | +0.3 pts |
| 2018 | 1.83% | +0.8 pts |
| 2017 | 1.00% | +0.6 pts |
| 2016 | 0.40% | +0.3 pts |
| 2015 | 0.13% | +0.0 pts |
| 2014 | 0.09% | −0.0 pts |
| 2013 | 0.11% | −0.0 pts |
| 2012 | 0.14% | +0.0 pts |
| 2011 | 0.10% | −0.1 pts |
| 2010 | 0.17% | +0.0 pts |
| 2009 | 0.16% | −1.8 pts |
| 2008 | 1.93% | −3.1 pts |
| 2007 | 5.02% | +0.1 pts |
| 2006 | 4.96% | +1.8 pts |
| 2005 | 3.21% | +1.9 pts |
| 2004 | 1.35% | +0.2 pts |
| 2003 | 1.13% | −0.5 pts |
| 2002 | 1.67% | −2.2 pts |
| 2001 | 3.89% | −2.4 pts |
| 2000 | 6.24% | +1.3 pts |
| 1999 | 4.97% | −0.4 pts |
| 1998 | 5.35% | −0.1 pts |
| 1997 | 5.46% | +0.2 pts |
| 1996 | 5.30% | −0.5 pts |
| 1995 | 5.84% | +1.6 pts |
| 1994 | 4.20% | +1.2 pts |
| 1993 | 3.02% | −0.5 pts |
| 1992 | 3.52% | −2.2 pts |
| 1991 | 5.69% | −2.4 pts |
| 1990 | 8.10% | −1.1 pts |
| 1989 | 9.22% | +1.7 pts |
| 1988 | 7.57% | +0.9 pts |
| 1987 | 6.66% | −0.1 pts |
| 1986 | 6.81% | −1.3 pts |
| 1985 | 8.10% | −2.1 pts |
| 1984 | 10.22% | +1.1 pts |
| 1983 | 9.09% | −3.2 pts |
| 1982 | 12.26% | −4.1 pts |
| 1981 | 16.38% | +3.0 pts |
| 1980 | 13.36% | +2.2 pts |
| 1979 | 11.19% | +3.3 pts |
| 1978 | 7.93% | +2.4 pts |
| 1977 | 5.54% | +0.5 pts |
| 1976 | 5.04% | −0.8 pts |
| 1975 | 5.82% | −4.7 pts |
| 1974 | 10.50% | +1.8 pts |
| 1973 | 8.73% | +4.3 pts |
| 1972 | 4.43% | −0.2 pts |
| 1971 | 4.66% | −2.5 pts |
| 1970 | 7.18% | −1.0 pts |
| 1969 | 8.20% | +2.5 pts |
| 1968 | 5.66% | +1.4 pts |
| 1967 | 4.22% | −0.9 pts |
| 1966 | 5.11% | +1.0 pts |
| 1965 | 4.07% | +0.6 pts |
| 1964 | 3.50% | +0.3 pts |
| 1963 | 3.18% | +0.5 pts |
| 1962 | 2.71% | +0.8 pts |
| 1961 | 1.96% | −1.3 pts |
| 1960 | 3.22% | −0.1 pts |
| 1959 | 3.31% | +1.7 pts |
| 1958 | 1.57% | −1.5 pts |
| 1957 | 3.10% | +0.4 pts |
| 1956 | 2.73% | +0.9 pts |
| 1955 | 1.78% | +0.8 pts |
| 1954 | 1.01% | — |
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