Federal Funds Target Range - Upper Limit (FOMC)
The Federal Open Market Committee(FOMC), a committee within the Federal Reserve System(FRS), is responsible for directing monetary policy through open market operations(OMOs) and the interaction of all of the Fed's policy tools including OMOs determines the federal funds rate. The federal funds rate is the interest rate at which depository institutions lend balances at the Federal Reserve to other depository institutions overnight and influences various economic variables such as short-term interest rates, foreign exchange rates, long-term interest rates, employment output and prices of goods and services.The FOMC has eight regularly scheduled meetings each year and other meetings if needed and the minutes of the scheduled meetings are released three weeks after the date of the policy decision. The release time is 14:00(EST) ; winter time : 4:00(JST), summer time : 3:00(JST).
Latest recorded value at build time: 4 (%). Observation date: .
Source
Board of Governors of the Federal Reserve System (US)「FRED: Federal Funds Target Range - Upper Limit」Federal Reserve Bank of St. Louis、https://fred.stlouisfed.org/series/DFEDTARU