Federal Funds Rate
US benchmark interest rate
3.63%
▲ +0.00%
Restrictive
Last Updated: June 25, 2026
Historical Data
About Federal Funds Rate
The Federal Funds Rate is the interest rate at which banks lend reserves to each other overnight, set by the Federal Reserve. It is the primary tool for monetary policy, influencing borrowing costs across the economy. Rate hikes slow growth and combat inflation, while cuts stimulate economic activity.