U.S. Fed Funds Target Rate

USD
Actual
5.50%
Forecast
5.50%
Previous
5.50%
Latest Release
Feb 01, 2024
Importance
Overview
Federal Open Market Committee (FOMC) members vote on where to set the target interest rate. Traders watch interest rate changes closely as relative short term interest rates are a primary factor in currency valuation.

A reading that is stronger than forecast is generally supportive (bullish) for the USD, while a weaker than forecast reading is generally negative (bearish) for the USD.
Historical Data
Release Date
Time
Actual
Forecast
Previous
Feb 01, 2024 00:30 5.50% 5.50%
5.50%
Dec 14, 2023 00:30 5.50% 5.50%
5.50%
Nov 01, 2023 23:30 5.50% 5.50%
5.50%
Sep 20, 2023 23:30 5.50% 5.50%
5.50%
Jul 26, 2023 23:30 5.50% 5.50%
5.25%
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