Federal Funds Rate vs Yield Curve (10Y-2Y)

Federal Funds Rate

US benchmark interest rate

3.88%
+6.89%
Restrictive
3.88 3.75 3.62 Feb'26 Mar'26 Apr'26 May'26 Jun'26 Jul'26 Aug'26 Sep'26

Yield Curve (10Y-2Y)

10Y minus 2Y Treasury spread

0 bps
-25.00%
Flat
1 0 0 Feb'26 Mar'26 Apr'26 May'26 Jun'26 Jul'26 Aug'26 Sep'26

Indicator Comparison

Federal Funds Rate Yield Curve (10Y-2Y)
Current 3.88% 0 bps
Change +6.89% -25.00%
Status Restrictive Flat
Data Source FRED DFF FRED T10Y2Y
Update Frequency Daily Daily
Last Updated September 24, 2026 September 25, 2026