FOMC Participants' Federal Funds Rate Projections

As of December 10th, 2025

Each circle indicates the value (rounded to the nearest 1/8 percentage point) of an individual participant’s judgment of the midpoint of the appropriate target range for the federal funds rate or the appropriate target level for the federal funds rate at the end of the specified calendar year.
Chart: PoliMetrics.substack.comSource: Federal ReserveGet the dataDownload imageCreated with Datawrapper