United States interest rate: Federal Reserve policy rate
The Federal Reserve policy rate is 3.875%, in force since Sep 17, 2026. Source: Bank for International Settlements, data to Oct 27, 2026. Raised from 3.625% on Sep 17, 2026.
Rate changes
| Since | Policy rate | Change (percentage points) |
|---|---|---|
| Sep 17, 2026 | 3.875% | +0.25 |
| Dec 11, 2025 | 3.625% | -0.25 |
| Oct 30, 2025 | 3.875% | -0.25 |
| Sep 18, 2025 | 4.125% | -0.25 |
| Dec 19, 2024 | 4.375% | -0.25 |
| Nov 8, 2024 | 4.625% | -0.25 |
| Sep 19, 2024 | 4.875% | -0.50 |
| Jul 27, 2023 | 5.375% | +0.25 |
| May 4, 2023 | 5.125% | +0.25 |
| Mar 23, 2023 | 4.875% | +0.25 |
| Feb 2, 2023 | 4.625% | +0.25 |
| Dec 15, 2022 | 4.375% | +0.50 |
| Nov 3, 2022 | 3.875% | +0.75 |
| Sep 22, 2022 | 3.125% | +0.75 |
| Jul 28, 2022 | 2.375% | +0.75 |
| Jun 16, 2022 | 1.625% | +0.75 |
| May 5, 2022 | 0.875% | +0.50 |
| Mar 17, 2022 | 0.375% | +0.25 |
| Mar 16, 2020 | 0.125% | -1.00 |
| Mar 4, 2020 | 1.125% | -0.50 |
| Oct 31, 2019 | 1.625% | -0.25 |
| Sep 19, 2019 | 1.875% | -0.25 |
| Aug 1, 2019 | 2.125% | -0.25 |
| Dec 20, 2018 | 2.375% | +0.25 |
| Sep 27, 2018 | 2.125% | +0.25 |
| Jun 14, 2018 | 1.875% | +0.25 |
| Mar 22, 2018 | 1.625% | +0.25 |
| Dec 14, 2017 | 1.375% | +0.25 |
| Jun 15, 2017 | 1.125% | +0.25 |
| Mar 16, 2017 | 0.875% | +0.25 |
| Dec 15, 2016 | 0.625% | +0.25 |
| Jan 1, 2016 | 0.375% | — |
Source: Bank for International Settlements (BIS), central bank policy rates, updated daily. The rate shown is the one each central bank uses to signal its policy.
Frequently asked questions
What is the interest rate in United States?
The Federal Reserve policy rate is 3.875% (since Sep 17, 2026).
When did the Federal Reserve last change its policy rate?
On Sep 17, 2026, from 3.625% to 3.875%.
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