Fed Funds Rate Forecast
Fed Funds Rate Forecast Values
Interest Rate. Percent, Average of Month.
| Month | Date | Forecast Value | Avg Error |
|---|---|---|---|
| 0 | Sep 2020 | 0.09 | ±0.00 |
| 1 | Oct 2020 | 0.10 | ±0.084 |
| 2 | Nov 2020 | 0.10 | ±0.10 |
| 3 | Dec 2020 | 0.10 | ±0.11 |
| 4 | Jan 2021 | 0.10 | ±0.12 |
| 5 | Feb 2021 | 0.10 | ±0.12 |
| 6 | Mar 2021 | 0.10 | ±0.13 |
| 7 | Apr 2021 | 0.10 | ±0.13 |
| 8 | May 2021 | 0.10 | ±0.13 |
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Chart of Fed Funds Rate
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:
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| October 08, 2020 | |
| Indicator | Rate, % |
|---|---|
| Prime Rate | 3.25 |
| 30 Year Treasury Bond | 1.57 |
| 10 Year Treasury Note | 0.78 |
| 91 Day Treasury Bill | 0.10 |
| Fed Funds | 0.09 |
| 3 Month LIBOR (USD) | 0.23 |
| 30 Year Mortgage Rate | 2.87 |