U.S. Fed Funds Target Rate

USD
Actual
5.50%
Forecast
5.50%
Previous
5.50%
Latest Release
Jan 31, 2024
Importance
Overview
Federal Open Market Committee (FOMC) members vote on where to set the rate. Traders watch interest rate changes closely as short term interest rates are the primary factor in currency valuation.

A higher than expected rate is positive/bullish for the USD, while a lower than expected rate is negative/bearish for the USD.
Historical Data
Release Date
Time
Actual
Forecast
Previous
Jan 31, 2024 21:00 5.50% 5.50%
5.50%
Dec 13, 2023 21:00 5.50% 5.50%
5.50%
Nov 01, 2023 20:00 5.50% 5.50%
5.50%
Sep 20, 2023 20:00 5.50% 5.50%
5.50%
Jul 26, 2023 20:00 5.50% 5.50%
5.25%
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