Federal funds target rate July 2000–June 2024

The line chart shows the federal funds target rate from July 2000 through June 2024.

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Note: From December 2008 to present, the chart reflects the midpoint of the Federal Reserve's target range. The target rate began in 1982.
Shaded areas indicate recessions. Source: Federal Reserve Bank of New York
Target rate as of June 12, 2024