Fed funds rate: latest number
Latest (Oct 12, 2026)
4.00%
Previous: 4.00% (Oct 11, 2026); change +0.00 pts.
Source: FRED, Federal Reserve Bank of St. Louis (series DFEDTARU).
What it is
The federal funds rate is the Federal Reserve's main policy interest rate; the FOMC sets a target range for it eight times a year. The value shown is the top of the target range.
What it means for you
Changes in the Fed's rate flow through to credit cards, savings yields, auto loans and, indirectly, mortgages, usually within weeks.
Next release
Wednesday, October 28, 2026 at 2:00 PM ET (Fed)
FAQ
What is the latest Fed funds rate?
The latest Fed funds rate reading is 4.00% for Oct 12, 2026.
When is the next Fed funds rate release?
Wednesday, October 28, 2026 at 2:00 PM ET (Fed).
Learn more
Fed funds rate · FOMC · Federal Reserve (the Fed) · Prime rate