# United States Federal Funds Target Range Lower Bound

> Canonical page: https://fxmacrodata.com/united-states/policy-rate-target-lower
> Publisher: FXMacroData (https://fxmacrodata.com) — official-source macroeconomic data
> License: https://fxmacrodata.com/terms

| Field | Value |
| --- | --- |
| Latest value | 3.75 |
| Latest release date | 2026-09-16 |
| Previous value | 3.5 |
| Change | 0.25 |

## Next release

The next United States Federal Funds Target Range Lower Bound release is scheduled for Oct 28, 2026 at 14:00 America/New_York. This page updates with the official value the moment the announcement is published.

United States Federal Funds Target Range Lower Bound printed 3.75% on Sep 16, 2026, a change of 0.25 percentage points from 3.5%. The value sits above the previous reading, so the important market question is whether it confirms the prevailing trend or forces a reassessment of USD macro pricing.

## Recent release history

| Release date | Actual | Previous | Forecast | Detail page |
| --- | --- | --- | --- | --- |
| 2026-09-16 | 3.75 | 3.5 | 3.52 | https://fxmacrodata.com/united-states/policy-rate-target-lower/announcements/usd_policy_rate_target_lower_2026-09-16 |
| 2026-07-29 | 3.5 | 3.5 | -- | https://fxmacrodata.com/united-states/policy-rate-target-lower/announcements/usd_policy_rate_target_lower_2026-07-29 |
| 2026-06-17 | 3.5 | 3.5 | -- | https://fxmacrodata.com/united-states/policy-rate-target-lower/announcements/usd_policy_rate_target_lower_2026-06-17 |
| 2026-04-29 | 3.5 | 3.5 | -- | https://fxmacrodata.com/united-states/policy-rate-target-lower/announcements/usd_policy_rate_target_lower_2026-04-29 |
| 2026-03-18 | 3.5 | 3.5 | -- | https://fxmacrodata.com/united-states/policy-rate-target-lower/announcements/usd_policy_rate_target_lower_2026-03-18 |
| 2026-01-28 | 3.5 | 3.5 | -- | https://fxmacrodata.com/united-states/policy-rate-target-lower/announcements/usd_policy_rate_target_lower_2026-01-28 |
| 2025-12-10 | 3.5 | 3.75 | -- | https://fxmacrodata.com/united-states/policy-rate-target-lower/announcements/usd_policy_rate_target_lower_2025-12-10 |
| 2025-10-29 | 3.75 | 4 | -- | https://fxmacrodata.com/united-states/policy-rate-target-lower/announcements/usd_policy_rate_target_lower_2025-10-29 |
| 2025-09-17 | 4 | 4.25 | -- | https://fxmacrodata.com/united-states/policy-rate-target-lower/announcements/usd_policy_rate_target_lower_2025-09-17 |
| 2025-07-30 | 4.25 | 4.25 | -- | https://fxmacrodata.com/united-states/policy-rate-target-lower/announcements/usd_policy_rate_target_lower_2025-07-30 |
| 2025-06-18 | 4.25 | 4.25 | -- | https://fxmacrodata.com/united-states/policy-rate-target-lower/announcements/usd_policy_rate_target_lower_2025-06-18 |
| 2025-05-07 | 4.25 | 4.25 | -- | https://fxmacrodata.com/united-states/policy-rate-target-lower/announcements/usd_policy_rate_target_lower_2025-05-07 |

## API access

```
GET https://fxmacrodata.com/api/v1/announcements/usd/policy_rate_target_lower?api_key=YOUR_API_KEY
```

## Related

- Machine-readable surfaces index: https://fxmacrodata.com/llms.txt