Effective federal funds rate held at 3.88 percent on October 15
The New York Fed's effective federal funds rate for October 15 was 3.88 percent, unchanged from October 14. The target range stayed at 3.75 to 4.00 percent. The 1st percentile was 3.85 percent, up from 3.80 percent; the 25th percentile was 3.87 percent, the 75th percentile 3.88 percent, and the 99th percentile 3.89 percent, all unchanged. Volume was 118 billion dollars, after 111 billion dollars on October 14.
- Effective federal funds rate
- 3.88%
- Effective federal funds rate, 1st percentile
- 3.85%
- Effective federal funds rate, 25th percentile
- 3.87%
- Effective federal funds rate, 75th percentile
- 3.88%
- Effective federal funds rate, 99th percentile
- 3.89%
- Effective federal funds volume
- $118B
- Federal funds target range, lower bound
- 3.75%
- Federal funds target range, upper bound
- 4%
Source: Effective Federal Funds Rate Data, October 15, 2026 — Federal Reserve Bank of New York. Also: Effective Federal Funds Rate.
all 8 figures found at the source
- found Effective federal funds rate = 3.88% — at Federal Reserve Bank of New York
- found Effective federal funds rate, 1st percentile = 3.85% — at Federal Reserve Bank of New York
- found Effective federal funds rate, 25th percentile = 3.87% — at Federal Reserve Bank of New York
- found Effective federal funds rate, 75th percentile = 3.88% — at Federal Reserve Bank of New York
- found Effective federal funds rate, 99th percentile = 3.89% — at Federal Reserve Bank of New York
- found Effective federal funds volume = $118B — at Federal Reserve Bank of New York
- found Federal funds target range, lower bound = 3.75% — at Federal Reserve Bank of New York
- found Federal funds target range, upper bound = 4% — at Federal Reserve Bank of New York
This page is one print. The daily brief for October 16, 2026 is the editor's cut of what mattered that day. Figures are as the named sources printed them. The methodology says how this page is made and what is checked.