Economic Calendar > Calendar Details
USAJuneFederal Funds Rate Target Upper Limit
| Latest Release | Actual Value | Forecast Value | Previous Value | Next Release Time | Release Frequency | Importance |
|---|---|---|---|---|---|---|
| 2026-06-18 | 3.75% | 3.75% | 3.75% | 2026-07-30 02:00 | Monthly |
|
Historical Data
Actual Value
Forecast Value
1 Year
2 Years
5 Years
Start Date
to
End Date
Definition
The Federal Open Market Committee (FOMC) determines the federal funds rate by holding discussions and voting. They hold eight regular meetings a year in Washington, D.C., and their meeting schedule is made public every year.
Impact on Market
Raising interest rates is beneficial to the US dollar.
Why It Matters
Interest rate fluctuations reflect the health of the economy. During periods of economic boom, interest rate hikes signify rapid economic growth, high returns on investment, and are beneficial to the US dollar.
Released By
Fed
