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Fed Funds Rate Forecast

Fed Funds Rate Forecast Values

Interest Rate. Percent, Average of Month.

Month Date Forecast Value Avg Error
0 Feb 2024 5.33 ±0.00
1 Mar 2024 5.33 ±0.08
2 Apr 2024 5.33 ±0.095
3 May 2024 5.33 ±0.10
4 Jun 2024 5.18 ±0.11
5 Jul 2024 5.08 ±0.11
6 Aug 2024 5.08 ±0.12
7 Sep 2024 3.78 ±0.12
8 Oct 2024 2.83 ±0.12

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Chart of Fed Funds Rate

U.S. FRB Fed Funds Rate, Percent Per Year. Includes Current Prediction.

Chart of Fed Funds Rate with Forecast

The U.S. Fed Funds Rate

The U. S. Federal Funds Rate is the interest rate a U.S. Federal Reserve depository institution (bank, S&L or Credit Union) will charge another bank to borrow their excess reserves held at the Federal Reserve.  These reserves, or Federal Funds, are traded by banks (usually overnight) to meet their reserve requirements or enable the clearing of financial transactions.

Other Interest Rate Resources of Interest:

A long range forecast for the Fed Funds Rate, Prime Rate, and similar economic series is available by subscription.  Click here for more information or to subscribe now!

Current Interest Rates
March 26, 2024
Indicator Rate, %
Prime Rate 8.50
30 Year Treasury Bond 4.40
10 Year Treasury Note 4.24
91 Day Treasury Bill 5.46
Fed Funds 5.33
SOFR 5.31
30 Year Mortgage Rate 6.87

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