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

Observed decisions

DateDecisionBeforeAfterChangeStatement
raise3.75%↑4.00%+25 bpfederalreserve.gov/newsevents/pressreleases/mone…
hold3.75%=3.75%0 bpfederalreserve.gov/newsevents/pressreleases/mone…
hold3.75%=3.75%0 bpfederalreserve.gov/newsevents/pressreleases/mone…
hold3.75%=3.75%0 bpfederalreserve.gov/newsevents/pressreleases/mone…
hold3.75%=3.75%0 bpfederalreserve.gov/newsevents/pressreleases/mone…
hold3.75%=3.75%0 bpfederalreserve.gov/newsevents/pressreleases/mone…
cut4.00%↓3.75%−25 bpfederalreserve.gov/newsevents/pressreleases/mone…
cut4.25%↓4.00%−25 bpfederalreserve.gov/newsevents/pressreleases/mone…
cut4.50%↓4.25%−25 bpfederalreserve.gov/newsevents/pressreleases/mone…
hold4.50%=4.50%0 bpfederalreserve.gov/newsevents/pressreleases/mone…
hold4.50%=4.50%0 bpfederalreserve.gov/newsevents/pressreleases/mone…
hold4.50%=4.50%0 bpfederalreserve.gov/newsevents/pressreleases/mone…
hold4.50%=4.50%0 bpfederalreserve.gov/newsevents/pressreleases/mone…
hold4.50%=4.50%0 bpfederalreserve.gov/newsevents/pressreleases/mone…

Rate series

4.50%3.75%19 Dec 20247 Oct 2026