Federal Funds Target Rate
The FOMC's single federal funds target rate, 1982-09-27 to 2008-12-15. Discontinued when the FOMC began announcing a target RANGE instead of one number; superseded by DFEDTARU (upper limit, carried here as the current policy-rate reading) and DFEDTARL (lower limit).
1.00
Percent
Federal Funds Target Rate — latest reading: 1.00 percent. As of December 2008, it is unchanged over the past 12 months, well below its 10-year average. Source: DFEDTAR, US Federal Reserve Board, published daily. Reported as published, without transformation; the publisher may revise it. Lower than all but 418 of 5000 readings since 1995-04-09. Last at or below this level on 2008-12-14.
Min
1.00
Max
6.50
Average
4.01
10Y Percentile
0%
3M Change
+0.0%
Federal Funds Target Rate (DFEDTAR) — 5000 observations from 1995-04-09 to 2008-12-15. Source: FRED, Federal Reserve Bank of St. Louis. Red shading indicates NBER recession periods.
Revisions
None. Across the 12 most recent prints held in the vintage archive, Federal Funds Target Rate 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 (63% 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 Rate is currently at 1.00 percent, which is well below 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 Rate," https://www.macroradar.io/federal-funds-target-rate (as of December 2008).