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 | May 2023 | 5.06 | ±0.00 |
| 1 | Jun 2023 | 5.22 | ±0.08 |
| 2 | Jul 2023 | 5.33 | ±0.095 |
| 3 | Aug 2023 | 5.33 | ±0.10 |
| 4 | Sep 2023 | 5.33 | ±0.11 |
| 5 | Oct 2023 | 5.33 | ±0.11 |
| 6 | Nov 2023 | 5.33 | ±0.12 |
| 7 | Dec 2023 | 5.33 | ±0.12 |
| 8 | Jan 2024 | 5.29 | ±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.| June 06, 2023 | |
| Indicator | Rate, % |
|---|---|
| Prime Rate | 8.25 |
| 30 Year Treasury Bond | 3.87 |
| 10 Year Treasury Note | 3.70 |
| 91 Day Treasury Bill | 5.44 |
| Fed Funds | 5.08 |
| SOFR | 5.06 |
| 30 Year Mortgage Rate | 6.79 |