Federal Open Market Committee holds U.S. interest rates steady at April meeting

— Federal funds target rate ■ Recessions

The line chart shows the federal funds target rate from July 2000 through April 2026.

(Please use a modern browser to see the interactive version of this visualization)

Note: From December 2008 to present, the chart reflects the midpoint of the Federal Reserve's target range.

Chart: Gabriel Cortes / CNBCSource: Federal Reserve Bank of New York
Target rate as of April 29, 2026