Federal Funds Target Range - Upper Limit
Upper limit of the federal funds target range the FOMC sets by decision — the announced policy instrument, not the transacted rate that trades near it (that reading is FEDFUNDS/DFF, under overnight-rate). Replaces DFEDTAR, which stopped publishing 2008-12-15 when the FOMC moved from a single target to a range; the upper limit is used here because it is both the number FOMC statements and coverage headline and the direct successor to DFEDTAR's single value.
4.00
Percent
Federal funds target range upper limit — latest reading: 4.00 percent. As of October 2026, it is unchanged over the past 12 months, above its 10-year average. Source: DFEDTARU, US Federal Reserve Board, published daily. Reported as published, without transformation; the publisher may revise it.
Min
0.25
Max
5.50
Average
1.98
10Y Percentile
68%
3M Change
+0.0%
Federal Funds Target Range - Upper Limit (DFEDTARU) — 5000 observations from 2013-02-06 to 2026-10-15. Source: FRED, Federal Reserve Bank of St. Louis. Red shading indicates NBER recession periods.
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Revisions
None. Across the 12 most recent prints held in the vintage archive, Federal Funds Target Range - Upper Limit was published once each and never restated. Market series behave this way; survey and sample-based statistics generally do not. How this is computed.
Macro Regime Context
The financial-conditions regime is currently neutral (97% confidence).
See what this means across all four regime dimensions →3-Month
+0.0%
6-Month
+0.0%
12-Month
+0.0%
What this means
Federal Funds Target Range - Upper Limit is currently at 4.00 percent, which is above its 10-year historical average. The trend is stable (+0.0% over the past 3 months).
Over the past 6 months the change is +0.0%, and over 12 months it is +0.0%. The short-term pace is consistent with the longer trend.
Cite this page
MacroRadar, "Federal Funds Target Range - Upper Limit," https://www.macroradar.io/federal-funds-target-range-upper-limit (as of October 2026).