Federal funds target rate and range changes since 1990
Every change to the FOMC's target for the federal funds rate on the Federal Reserve Board's list, from July 1990 on: the date as printed by the Board, the direction and size of the change, and the level after it (a single target rate before December 16, 2008, a range after). A change that FedRateCalc has recorded from an FOMC statement but the Board's list does not show yet is added and labelled. Each row names its source and the date it was checked.
Data as of November 5, 2026 · Reviewed November 5, 2026 · 110 rows, 12 columns · Part of FedRateCalc open data
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CSV files are plain RFC 4180: the first line is the header row and every line has the same columns. JSON files have a metadata object (source, license, generated date) and a rows array.
Preview: first rows
| date | direction | change_bps | change_bps_as_printed | target_type | target_lower_pct | target_upper_pct | level_as_printed | source | source_url | source_checked | note |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1990-07-13 | decrease | -25 | 25 | single | 8 | 8 | 8.00 | openmarket-archive | https://www.federalreserve.gov/monetarypolicy/openmarket_archive.htm | 2026-11-05 | |
| 1990-10-29 | decrease | -25 | 25 | single | 7.75 | 7.75 | 7.75 | openmarket-archive | https://www.federalreserve.gov/monetarypolicy/openmarket_archive.htm | 2026-11-05 | |
| 1990-11-13 | decrease | -25 | 25 | single | 7.5 | 7.5 | 7.50 | openmarket-archive | https://www.federalreserve.gov/monetarypolicy/openmarket_archive.htm | 2026-11-05 | |
| 1990-12-07 | decrease | -25 | 25 | single | 7.25 | 7.25 | 7.25 | openmarket-archive | https://www.federalreserve.gov/monetarypolicy/openmarket_archive.htm | 2026-11-05 | |
| 1990-12-18 | decrease | -25 | 25 | single | 7 | 7 | 7.00 | openmarket-archive | https://www.federalreserve.gov/monetarypolicy/openmarket_archive.htm | 2026-11-05 | |
| 1991-01-09 | decrease | -25 | 25 | single | 6.75 | 6.75 | 6.75 | openmarket-archive | https://www.federalreserve.gov/monetarypolicy/openmarket_archive.htm | 2026-11-05 | |
| 1991-02-01 | decrease | -50 | 50 | single | 6.25 | 6.25 | 6.25 | openmarket-archive | https://www.federalreserve.gov/monetarypolicy/openmarket_archive.htm | 2026-11-05 | |
| 1991-03-08 | decrease | -25 | 25 | single | 6 | 6 | 6.00 | openmarket-archive | https://www.federalreserve.gov/monetarypolicy/openmarket_archive.htm | 2026-11-05 |
Field dictionary
| Column | Type | Meaning |
|---|---|---|
date | date | The date printed on the Board's list (YYYY-MM-DD), or the FOMC statement date for a row labelled fomc-record. |
direction | enum | increase or decrease. |
change_bps | integer | Signed change in basis points (negative for a decrease); empty when the Board prints a span (75-100 on 2008-12-16). |
change_bps_as_printed | string | The change exactly as the source prints it, in basis points. |
target_type | enum | single for a single target rate (before December 16, 2008), range for a target range. |
target_lower_pct | number | Lower end of the target range, in percent; equal to the target for a single rate. |
target_upper_pct | number | Upper end of the target range, in percent; equal to the target for a single rate. |
level_as_printed | string | The level exactly as the source prints it, in percent (for example 3.75-4.00). |
source | enum | openmarket (Board page, 2003 on), openmarket-archive (Board archive page, 1990-2002) or fomc-record (FedRateCalc record of the FOMC statement). |
source_url | string | The page the row comes from. |
source_checked | date | The date the Board pages were checked (YYYY-MM-DD). |
note | string | The Board's footnote for the row, when it has one. |
Official sources
- Federal Reserve Board, Open Market Operations page
- Federal Reserve Board, Open Market Operations Archive page
- Federal Reserve Board: FOMC meeting calendars and information
FedRateCalc is not affiliated with these agencies. Their own pages are authoritative; check them before relying on a date or a rate.
Update policy
The Board's rows are tested against saved copies of its two pages. Recorded FOMC decisions come from src/lib/rates.ts, so a rate change appears here after the decision recorder (scripts/record-fomc-decision.mjs) records it and the site is rebuilt. The "fed-funds" data freshness item keeps rates.ts current.
How to cite
CC BY 4.0: credit FedRateCalc, link the license, and say if you changed the data. Use either form below.
Plain text
FedRateCalc. "Federal funds target rate and range changes since 1990" (dataset), data as of November 5, 2026. CC BY 4.0. https://fedratecalc.com/data/fed-funds-target-range-history/
HTML for a web page
Federal funds target rate and range changes since 1990: <a href="https://fedratecalc.com/data/fed-funds-target-range-history/">FedRateCalc</a> (CC BY 4.0)
License
Data compiled by FedRateCalc from official U.S. government sources, available under CC BY 4.0 with attribution "FedRateCalc" and a link to this page; the underlying U.S. federal government data is in the public domain. This is a plain description of how the files may be reused, not legal advice.