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FedFed decisionWed, Sep 16 · 2:00 PM ET

Fed raises its rate target by 0.25 point to 3.75%–4.00%

Fed rate decision (FOMC), the Sep 15–16 meeting: the numbers from the Federal Reserve Board, how they compare and what they mean for your money.

Macro Bullseye ·

The Federal Reserve raised its target range for the federal funds rate by 0.25 percentage point to 3.75%–4.00% at its Sep 15–16 meeting, announcing the decision on Wednesday. The range had been 3.50%–3.75%.

The numbers

In effect Sep 17, 2026 · decision Wed, Sep 16

Federal funds target range
3.75%–4.00%Until Sep 16, 2026: 3.50%–3.75%
Fed funds target range, upper bound, last 2 years

View the data as a table
Fed funds target range, upper bound, last 2 years
PeriodValue
Sep 17, 20264.00%
Sep 16, 20263.75%
Sep 9, 20263.75%
Sep 2, 20263.75%
Aug 26, 20263.75%
Aug 19, 20263.75%
Aug 12, 20263.75%
Aug 5, 20263.75%
Jul 29, 20263.75%
Jul 22, 20263.75%
Jul 15, 20263.75%
Jul 8, 20263.75%
Jul 1, 20263.75%
Jun 24, 20263.75%
Jun 17, 20263.75%
Jun 10, 20263.75%
Jun 3, 20263.75%
May 27, 20263.75%
May 20, 20263.75%
May 13, 20263.75%
May 6, 20263.75%
Apr 29, 20263.75%
Apr 22, 20263.75%
Apr 15, 20263.75%
Apr 8, 20263.75%
Apr 1, 20263.75%
Mar 25, 20263.75%
Mar 18, 20263.75%
Mar 11, 20263.75%
Mar 4, 20263.75%
Feb 25, 20263.75%
Feb 18, 20263.75%
Feb 11, 20263.75%
Feb 4, 20263.75%
Jan 28, 20263.75%
Jan 21, 20263.75%
Jan 14, 20263.75%
Jan 7, 20263.75%
Dec 31, 20253.75%
Dec 24, 20253.75%
Dec 17, 20253.75%
Dec 10, 20254.00%
Dec 3, 20254.00%
Nov 26, 20254.00%
Nov 19, 20254.00%
Nov 12, 20254.00%
Nov 5, 20254.00%
Oct 29, 20254.25%
Oct 22, 20254.25%
Oct 15, 20254.25%
Oct 8, 20254.25%
Oct 1, 20254.25%
Sep 24, 20254.25%
Sep 17, 20254.50%
Sep 10, 20254.50%
Sep 3, 20254.50%
Aug 27, 20254.50%
Aug 20, 20254.50%
Aug 13, 20254.50%
Aug 6, 20254.50%
Jul 30, 20254.50%
Jul 23, 20254.50%
Jul 16, 20254.50%
Jul 9, 20254.50%
Jul 2, 20254.50%
Jun 25, 20254.50%
Jun 18, 20254.50%
Jun 11, 20254.50%
Jun 4, 20254.50%
May 28, 20254.50%
May 21, 20254.50%
May 14, 20254.50%
May 7, 20254.50%
Apr 30, 20254.50%
Apr 23, 20254.50%
Apr 16, 20254.50%
Apr 9, 20254.50%
Apr 2, 20254.50%
Mar 26, 20254.50%
Mar 19, 20254.50%
Mar 12, 20254.50%
Mar 5, 20254.50%
Feb 26, 20254.50%
Feb 19, 20254.50%
Feb 12, 20254.50%
Feb 5, 20254.50%
Jan 29, 20254.50%
Jan 22, 20254.50%
Jan 15, 20254.50%
Jan 8, 20254.50%
Jan 1, 20254.50%
Dec 25, 20244.50%
Dec 18, 20244.75%
Dec 11, 20244.75%
Dec 4, 20244.75%
Nov 27, 20244.75%
Nov 20, 20244.75%
Nov 13, 20244.75%
Nov 6, 20245.00%
Oct 30, 20245.00%
Oct 23, 20245.00%
Oct 16, 20245.00%
Oct 9, 20245.00%
Oct 2, 20245.00%

Source: Federal Reserve Board, via FRED (Federal Reserve Bank of St. Louis). Revised figures replace earlier ones.Full release

The previous change took effect on Dec 11, 2025, when the range moved from 3.75%–4.00% to 3.50%–3.75%.

The next report, covering the Oct 27–28 meeting, is due Wednesday, October 28, 2026, at 2:00 PM ET.

What it means for your money

  • The Fed's rate moves flow through to credit card APRs, savings and CD yields and adjustable-rate loans, and they shape where mortgage rates go.

Written automatically from the official data. Not investment advice. How we write these