FED · Jerome Powell
Federal Reserve
Fed Funds Target Range · Snapshot 30 Apr 2026, 06:36 am UTC
Next Decision
47d
Next Meeting Pricing
2.0% HIKE
Current Rate
3.63%
12-Month Outlook
+12 bp
PATH OF FED FED FUNDS TARGET RANGE OVERNIGHT CALL RATE: MARKET EXPECTATION
| Meeting▲ | Implied | P(Hike) | P(Hold) | P(Cut) | Cum Moves | Δ bp |
|---|---|---|---|---|---|---|
| 17 June 2026 | 3.630% | 2.0% | 98.0% | 0.0% | 0.02 | +0.5 |
| 29 July 2026 | 3.615% | 0.0% | 94.0% | 6.0% | -0.04 | -1.0 |
| 16 Sept 2026 | 3.615% | 0.0% | 100.0% | 0.0% | -0.04 | -1.0 |
| 28 Oct 2026 | 3.615% | 0.0% | 100.0% | 0.0% | -0.04 | -1.0 |
| 09 Dec 2026 | 3.657% | 16.9% | 83.1% | 0.0% | 0.13 | +3.2 |
| 27 Jan 2027 | 3.678% | 8.5% | 91.5% | 0.0% | 0.21 | +5.3 |
| 17 Mar 2027 | 3.740% | 24.6% | 75.4% | 0.0% | 0.46 | +11.5 |
| 28 Apr 2027 | 3.740% | 0.0% | 100.0% | 0.0% | 0.46 | +11.5 |