Banks / United States
Federal Reserve (Federal Open Market Committee): decision history
Policy rate: federal funds rate
Every observed decision and the rate series. The facts below are computed from observed decisions only, never from the calendar.
21days since the last change (16 Sept 2026)
0consecutive holds
14observed decisions since 29 Jan 2025
Past moves by size
- 25 bp raise ×1
- hold ×10
- 25 bp cut ×3
Observed decisions
| Date | Decision | Before | After | Change | Statement |
|---|---|---|---|---|---|
| raise | 3.75% | ↑4.00% | +25 bp | federalreserve.gov/newsevents/pressreleases/mone… | |
| hold | 3.75% | =3.75% | 0 bp | federalreserve.gov/newsevents/pressreleases/mone… | |
| hold | 3.75% | =3.75% | 0 bp | federalreserve.gov/newsevents/pressreleases/mone… | |
| hold | 3.75% | =3.75% | 0 bp | federalreserve.gov/newsevents/pressreleases/mone… | |
| hold | 3.75% | =3.75% | 0 bp | federalreserve.gov/newsevents/pressreleases/mone… | |
| hold | 3.75% | =3.75% | 0 bp | federalreserve.gov/newsevents/pressreleases/mone… | |
| cut | 4.00% | ↓3.75% | −25 bp | federalreserve.gov/newsevents/pressreleases/mone… | |
| cut | 4.25% | ↓4.00% | −25 bp | federalreserve.gov/newsevents/pressreleases/mone… | |
| cut | 4.50% | ↓4.25% | −25 bp | federalreserve.gov/newsevents/pressreleases/mone… | |
| hold | 4.50% | =4.50% | 0 bp | federalreserve.gov/newsevents/pressreleases/mone… | |
| hold | 4.50% | =4.50% | 0 bp | federalreserve.gov/newsevents/pressreleases/mone… | |
| hold | 4.50% | =4.50% | 0 bp | federalreserve.gov/newsevents/pressreleases/mone… | |
| hold | 4.50% | =4.50% | 0 bp | federalreserve.gov/newsevents/pressreleases/mone… | |
| hold | 4.50% | =4.50% | 0 bp | federalreserve.gov/newsevents/pressreleases/mone… |