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 | Aug 2022 | 2.33 | ±0.00 |
| 1 | Sep 2022 | 2.56 | ±0.08 |
| 2 | Oct 2022 | 3.08 | ±0.095 |
| 3 | Nov 2022 | 3.78 | ±0.10 |
| 4 | Dec 2022 | 4.10 | ±0.11 |
| 5 | Jan 2023 | 4.36 | ±0.11 |
| 6 | Feb 2023 | 4.83 | ±0.12 |
| 7 | Mar 2023 | 4.83 | ±0.12 |
| 8 | Apr 2023 | 4.83 | ±0.12 |
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Chart of U.S. FRB Fed Funds Rate
Percent Per Year. Includes Current Prediction.
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.
Other Interest Rate Resources of Interest:
A long range forecast for the Fed Fund Rate and similar economic series is available by subscription:
Click here to subscribe to the Fed Fund Rate extended forecast.| September 23, 2022 | |
| Indicator | Rate, % |
|---|---|
| Prime Rate | 6.25 |
| 30 Year Treasury Bond | 3.61 |
| 10 Year Treasury Note | 3.69 |
| 91 Day Treasury Bill | 3.24 |
| Fed Funds | 3.08 |
| SOFR | 2.99 |
| 30 Year Mortgage Rate | 6.29 |