Skip to main content

Home > Releases > Summary of Economic Projections > FOMC Summary of Economic Projections for the Fed Funds Rate, Range, Midpoint

FOMC Summary of Economic Projections for the Fed Funds Rate, Range, Midpoint (FEDTARRM)

Observations

2027: 3.25
Updated: Mar 19, 2025 2:08 PM CDT
2027:  3.25  
2026:  3.50  
2025:  4.00  
2024:  .  

Units:

Percent,
Not Seasonally Adjusted

Frequency:

Annual
1Y5Y10YMax
to
Date:
Bar 1 - FOMC Summary of Economic Projections for the Fed Funds Rate, Range, Midpoint Vintage: 2024-12-18
Bar 1
(a) FOMC Summary of Economic Projections for the Fed Funds Rate, Range, Midpoint, Percent, Not Seasonally Adjusted (FEDTARRM)
The projections for the federal funds rate are the value of the midpoint of the projected appropriate target range for the federal funds rate or the projected appropriate target level for the federal funds rate at the end of the specified calendar year or over the longer run. Each participant's projections are based on his or her assessment of appropriate monetary policy. The range for each variable in a given year includes all participants' projections, from lowest to highest, for that variable in the given year. This series represents the midpoint of the range forecast's high and low values established by the Federal Open Market Committee. Digitized originals of this release can be found at https://fraser.stlouisfed.org/publication/?pid=677.

Select a date that will equal 100 for your custom index:
  Enter date as YYYY-MM-DD
to

Write a custom formula to transform one or more series or combine two or more series.

You can begin by adding a series to combine with your existing series.

Type keywords to search for data

    Now create a custom formula to combine or transform the series.

    For example, invert an exchange rate by using formula 1/a, where “a” refers to the first FRED data series added to this line. Or calculate the spread between 2 interest rates, a and b, by using the formula a - b.

    Use the assigned data series variables (a, b, c, etc.) together with operators (+, -, *, /, ^, etc.), parentheses and constants (1, 1.5, 2, etc.) to create your own formula (e.g., 1/a, a-b, (a+b)/2, (a/(a+b+c))*100). As noted above, you may add other data series to this line before entering a formula.

    Finally, you can change the units of your new series.

    Select a date that will equal 100 for your custom index:
        Enter date as YYYY-MM-DD

    Bar 1 - FOMC Summary of Economic Projections for the Fed Funds Rate, Range, Midpoint Vintage: 2024-12-18
    Bar 2
    (a) FOMC Summary of Economic Projections for the Fed Funds Rate, Range, Midpoint, Percent, Not Seasonally Adjusted (FEDTARRM)
    The projections for the federal funds rate are the value of the midpoint of the projected appropriate target range for the federal funds rate or the projected appropriate target level for the federal funds rate at the end of the specified calendar year or over the longer run. Each participant's projections are based on his or her assessment of appropriate monetary policy. The range for each variable in a given year includes all participants' projections, from lowest to highest, for that variable in the given year. This series represents the midpoint of the range forecast's high and low values established by the Federal Open Market Committee. Digitized originals of this release can be found at https://fraser.stlouisfed.org/publication/?pid=677.

    Select a date that will equal 100 for your custom index:
      Enter date as YYYY-MM-DD
    to

    Write a custom formula to transform one or more series or combine two or more series.

    You can begin by adding a series to combine with your existing series.

    Type keywords to search for data

      Now create a custom formula to combine or transform the series.

      For example, invert an exchange rate by using formula 1/a, where “a” refers to the first FRED data series added to this line. Or calculate the spread between 2 interest rates, a and b, by using the formula a - b.

      Use the assigned data series variables (a, b, c, etc.) together with operators (+, -, *, /, ^, etc.), parentheses and constants (1, 1.5, 2, etc.) to create your own formula (e.g., 1/a, a-b, (a+b)/2, (a/(a+b+c))*100). As noted above, you may add other data series to this line before entering a formula.

      Finally, you can change the units of your new series.

      Select a date that will equal 100 for your custom index:
          Enter date as YYYY-MM-DD

      ADDLINE
      Type keywords to search for data
      Create user-defined line
      You can customize a graph by adding a straight line between two data points.
      FORMAT GRAPH
      Details
      Display
      Customize
      Frame
      Plot area
      Text

      Bar 1
      FOMC Summary of Economic Projections for the Fed Funds Rate, Range, Midpoint Vintage: 2024-12-18
      Line details & color

      Line style, thickness, color and position


      Bar 2
      FOMC Summary of Economic Projections for the Fed Funds Rate, Range, Midpoint Vintage: 2025-03-19
      Line details & color

      Line style, thickness, color and position



      Fullscreen

      Notes

      Title Release Dates
      FOMC Summary of Economic Projections for the Fed Funds Rate, Range, Midpoint 2015-12-16 2025-03-19
       
      Source    
      U.S. Federal Open Market Committee 2015-12-16 2025-03-19
      Federal Reserve Bank of St. Louis 2015-12-16 2025-03-19
       
      Release    
      Summary of Economic Projections 2015-12-16 2025-03-19
       
      Units    
      Percent 2015-12-16 2025-03-19
       
      Frequency    
      Annual 2015-12-16 2025-03-19
       
      Seasonal Adjustment    
      Not Seasonally Adjusted 2015-12-16 2025-03-19
       
      Notes    
      The projections for the federal funds rate are the value of the midpoint of the projected appropriate target range for the federal funds rate or the projected appropriate target level for the federal funds rate at the end of the specified calendar year or over the longer run. Each participant's projections are based on his or her assessment of appropriate monetary policy. The range for each variable in a given year includes all participants' projections, from lowest to highest, for that variable in the given year. This series represents the midpoint of the range forecast's high and low values established by the Federal Open Market Committee.

      Digitized originals of this release can be found at https://fraser.stlouisfed.org/publication/?pid=677.

      		2015-12-16 2025-03-19

      Release Tables

      Summary of Economic Projections

      Related Data and Content

      Data Suggestions Based On Your Search

      Content Suggestions

      Related Categories

      FRB Rates - discount, fed funds, primary credit Interest Rates Money, Banking, & Finance

      Releases

      More Series from Summary of Economic Projections

      Tags

      Federal Open Market Committee Federal Open Markets Committee Projection Federal St. Louis Fed Rate Annual Nation Public Domain: Citation Requested Not Seasonally Adjusted United States of America

      Color format