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FRB Fed Funds Rate Forecast

Fed Funds Rate Forecast Values

FRB Interest Rate. Percent Per Year, Average of Month.

Month Date Forecast Value Avg Error
0 Apr 2023 4.83 ±0.00
1 May 2023 5.06 ±0.08
2 Jun 2023 5.22 ±0.095
3 Jul 2023 5.33 ±0.10
4 Aug 2023 5.33 ±0.11
5 Sep 2023 5.33 ±0.11
6 Oct 2023 5.33 ±0.12
7 Nov 2023 5.33 ±0.12
8 Dec 2023 5.33 ±0.12

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Chart of 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.

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Current Interest Rates
May 29, 2023
Indicator Rate, %
Prime Rate 8.25
30 Year Treasury Bond 3.96
10 Year Treasury Note 3.80
91 Day Treasury Bill 5.34
Fed Funds 5.08
SOFR 5.06
30 Year Mortgage Rate 6.57

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