Read the federal funds target range at original policy dates
Keep both original Board target bounds together, with their effective source date. This fixed irregular history contains 55 pairs from 30 January 2020 through 17 September 2026.
1. Identify both target bounds and their unit
The FOMC target range has a lower bound and an upper bound. Read both for the same original date. The unit is percent of this policy target, not a percentage annual change, index or annualised investment return. Do not import the ECB source’s per-annum metadata into this separate Board measurement merely because both displays contain percentage signs.
The target interval differs from the effective federal funds rate, which measures market transactions. It is also separate from customer bank offers, a forecast and a probability path. Neither bound is an invented midpoint. Keep the two source series identifiable rather than replacing their interval with a single calculated number that could be mistaken for an observed market rate.
2. Read the fixed irregular history without filling days
This direct Board selection contains 55 original policy-date pairs, or 110 bound values, from 30 January 2020 through 17 September 2026. The final pair is 3.75–4 percent on that September date. It is neither a 30 September observation nor an assertion of today’s target beyond this window. The original document retains earlier context outside the selected analytical coverage.
The points include unchanged meetings, so each point is not necessarily a rate change. They do not form a daily series. Period end is unknown: the source provides a dated point, not a complete validity interval until another meeting. Connecting chart lines are presentation only; they do not supply intermediate observations, weekend values or permission to carry a bound forward.
3. Separate announcements, original decimals and missing bounds
Announcement and effective date can differ. The 17 September 2025 policy statement announced a 4–4.25 percent target, effective 18 September. The original chart document records 4 and 4.25 on 18 September. Keep that source point on its own date; moving it to the announcement date would alter the historical selection and its meaning.
Zero is a legitimate original lower bound. Preserve the original decimal strings without adding decimal places or replacing a missing value with zero. A missing bound cannot be reconstructed from its partner or an assumed spread. When both bounds exist, their exact numeric order must remain lower at or below upper, while their original spellings stay available for inspection.
4. Inspect the direct source and distinct clocks
Source: Board of Governors of the Federal Reserve System, Economy at a Glance – Policy Rate. This selection uses the Board’s own chart data, with a separately reviewed public-domain basis. It does not use FRED or New York Fed data. Datisto prepares the selection, visualisation and this original explanation; no Board endorsement, affiliation or editorial publication approval is implied.
Separate the original effective date, response update, actual capture and result computation. A response update may precede an effective policy date. None of these clocks establishes every observation’s first publication or individual revision time, which remain unknown here. The current revised history is not a first-publication reconstruction, and reopening a retained result does not make it a new source capture.
This is a guide to Datisto. Private features require sign-in and access to your own data. Personal models use your assumptions; availability and permitted use of source data are checked with the particular result. This is not investment advice.