P
Pulsafi

Federal Funds Rate (2026)

4.50%
Federal Reserve target federal funds rate (upper bound)
Summary

The Federal Reserve's target federal funds rate range is 4.25-4.50% as of Q1 2026. The rate peaked at 5.25-5.50% from July 2023 through September 2024 — the highest in 23 years. The Fed has cut three times since (75bps total) as inflation moved toward the 2% target. Mortgage rates, savings APYs, and credit card rates broadly track this benchmark.

Breakdown

Current target (upper bound)4.50%
Current target (lower bound)4.25%
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-Q1

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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.