P
Pulsafi

Federal Funds Rate (2026)

4.00%
Fed funds target upper bound (effective rate 3.88%) — live as of November 9, 2026 via FRED
Summary

The Federal Reserve's target federal funds rate range is 3.75-4.00% after the FOMC raised rates by 25 basis points on September 16, 2026 — its first hike since 2023, following the cutting cycle that came after the 5.25-5.50% peak held from July 2023 through September 2024. Officials signaled one more hike could follow in 2026. Mortgage rates, savings APYs, and credit card rates broadly track this benchmark.

Breakdown

Current target (upper bound)4.00%
Current target (lower bound)3.75%
Recent peak (2023-2024)5.50%
Pandemic low (2020-2022)0.00-0.25%
Long-run avg (1971-2025)5.0%
Source
Federal Reserve Board / FOMC· As of 2026-11-09

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Average Mortgage Rate →Average US Savings Account Rate →US Inflation Rate →

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All Pulsafi stats are sourced from primary government data and major financial institutions. Read the full methodology and data-sources page.