US federal funds target rate (FOMC, daily)

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Daily US federal funds target-rate panel, 1982-09-27 onward: the FOMC policy rate as a single target (DFEDTAR, 1982-2008) then as a target range (DFEDTARU/DFEDTARL, 2008 onward) — percent, 7-day effective-as-of calendar, redistributed keyless via FRED fredgraph.csv. Carries the target midpoint and range width (bp), the daily FOMC decision event (hike/cut/hold/range_change/initial) with the midpoint change in basis points, days since the last decision, and a zero-lower-bound flag. One row per calendar day; the grid is complete, never imputed. Who joins this: shops read rate-hike cycles as demand headwinds and ZLB eras as cheap-credit tailwinds; subscription businesses use decision_size_bp and days_since_change as churn/credit-stress features; sales teams condition pipeline velocity on the policy stance. Pairs with fred_money_market_intel (realized EFFR/SOFR) and boc_monetary_conditions_intel (BoC target — the cross-border pair).

Source: US Fed Funds Target-Rate Intelligence (FRED, keyless)
Rows: 16,075
Columns: 13
Source cadence: Daily
Last refreshed: Oct 1, 2026
Theme: economy

Column	Type	Description
date	date	Calendar day the target was in effect (7-day effective-as-of calendar; weekends/holidays carry forward — the panel join key). Complete daily calendar 1982-09-27 onward, never imputed. (unit: date)
year_month	string	Calendar month as YYYY-MM. (unit: string)
country	string	Country name (shared normalization layer). (unit: string)
country_code	string	ISO 3166-1 alpha-3 country code (USA). (unit: string)
target_upper	float	Upper limit of the FOMC target range, percent (FRED DFEDTARU; pre-2008: DFEDTAR single target carried as upper == lower). (unit: percent)
target_lower	float	Lower limit of the FOMC target range, percent (FRED DFEDTARL; pre-2008: DFEDTAR single target carried as upper == lower). (unit: percent)
target_midpoint	float	Midpoint of the target range (upper + lower) / 2, percent — the headline policy-rate level used for decision sizing and cross-series joins. (unit: percent)
target_range_width_bp	float	Target range width in basis points ((upper - lower) * 100): 0 pre-2008 (single target), 25 in the range era (narrowing to 0 only at the ZLB floor 0.00-0.25). (unit: basis points)
decision_type	string	FOMC decision event on this day vs the prior day: initial (first panel day), hold (no change), hike (midpoint up), cut (midpoint down), range_change (same midpoint, width moved). (unit: string)
decision_size_bp	float	Midpoint change vs the prior day in basis points: +25 for a standard hike, -50/-75/-100 for emergency cuts, 0 for holds (null for the initial day). (unit: basis points)
days_since_change	integer	Calendar days since the last decision event (0 on decision days): the policy-pause duration feature. (unit: days)
at_zlb_flag	integer	1 when target_lower == 0.0 — the zero lower bound eras (2008-12-16 -> 2015-12-15, 2020-03-16 -> 2022-03-16); 0 otherwise. (unit: flag)
row_hash	string	Deterministic 16-hex sha256 of date + target upper/lower/midpoint (idempotency key). (unit: string)

First 10 sample rows — a preview, not the complete dataset.

date	year_month	country	country_code	target_upper	target_lower	target_midpoint	decision_type	decision_size_bp	days_since_change	row_hash
1982-09-27	1982-09	United States	USA	10.25	10.25	10.25	initial	—	0	d3dc78e70b5cdef4
1982-09-28	1982-09	United States	USA	10.25	10.25	10.25	hold	0	1	f25e6d4ce54badb6
1982-09-29	1982-09	United States	USA	10.25	10.25	10.25	hold	0	2	cdffd31e0fa20a7e
1982-09-30	1982-09	United States	USA	10.25	10.25	10.25	hold	0	3	34c723172cbeeeb0
1982-10-01	1982-10	United States	USA	10	10	10	cut	-25	0	366a89167aff1fd5
1982-10-02	1982-10	United States	USA	10	10	10	hold	0	1	f9b43ffd7401a86b
1982-10-03	1982-10	United States	USA	10	10	10	hold	0	2	8d3e6a5c2ec30363
1982-10-04	1982-10	United States	USA	10	10	10	hold	0	3	1b060b6bd4bd9c65
1982-10-05	1982-10	United States	USA	10	10	10	hold	0	4	d5603195d66d4b0a
1982-10-06	1982-10	United States	USA	10	10	10	hold	0	5	9f9cd0f523d2cd53

Profiled Oct 1, 2026 from snapshot 20261001T054052Z-45717cb9b8e7

Measured

Completeness: 100%
Rows: 16,075
Columns: 13
Columns with gaps: 1

Rows per yeardate · 1982–2026 · 45 years

19822026

Column	Missing	Distinct	Range	Distribution
datedate	0%	15,966	Sep 27, 1982 → Sep 30, 2026	—
year_monthvarchar	0%	480	—	1982-1031 1982-1231 1983-0131
countryvarchar	0%	1	—	United States16,075
country_codevarchar	0%	1	—	USA16,075
target_upperdouble	0%	54	0.25 → 11.5median 4	98 outside 1st–99th percentile
target_lowerdouble	0%	57	0 → 11.5median 3.75	98 outside 1st–99th percentile
target_midpointdouble	0%	69	0.125 → 11.5median 3.88	98 outside 1st–99th percentile
target_range_width_bpdouble	0%	2	0 → 25median 0
decision_typevarchar	0%	4	—	hold15,889 hike94 cut91
decision_size_bpdouble	0.01%	23	-100 → 112.5median 0
days_since_changebigint	0%	2,608	0 → 2,555median 77	161 outside 1st–99th percentile
at_zlb_flagbigint	0%	2	0 → 1median 0
row_hashvarchar	0%	15,641	—	000078160eacb3f71 000c29a65e28b8951 000c3aa0744315f21

Point any LLM at the metadata endpoint — the documentation above is machine-readable too (JSON-LD + Croissant).

cURL

curl "https://datazimuts.com/v1/datasets/fred_fedfunds_target_intel/us_fedfunds_target_daily" | jq '{title, rows, columns_count, license}'

Python

import requests

ds = requests.get("https://datazimuts.com/v1/datasets/fred_fedfunds_target_intel/us_fedfunds_target_daily").json()
print(ds["title"], ds["rows"], "rows")

# Sample rows for an LLM context window
for row in ds.get("sample_rows", [])[:5]:
    print(row)

API endpoint: https://datazimuts.com/v1/datasets/fred_fedfunds_target_intel/us_fedfunds_target_daily

Tip: fetch /llms.txt for the full machine-readable catalog.

Cite this snapshot

Pinned to snapshot 20261001T054052Z-45717cb9b8e7 and its content hash, so readers get exactly the data you used.

APA

US Fed Funds Target-Rate Intelligence (FRED, keyless). (2026). US federal funds target rate (FOMC, daily) [Data set, snapshot 20261001T054052Z-45717cb9b8e7, sha256 45717cb9b8e7]. Datazimuts. Retrieved 2026-10-01, from https://datazimuts.com/en/datasets/fred_fedfunds_target_intel/us_fedfunds_target_daily?snapshot=20261001T054052Z-45717cb9b8e7

BibTeX

@misc{dz_fred_fedfunds_target_intel_us_fedfunds_t_45717cb9,
  title        = {{US federal funds target rate (FOMC, daily)}},
  author       = {{US Fed Funds Target-Rate Intelligence (FRED, keyless)}},
  year         = {2026},
  publisher    = {Datazimuts},
  howpublished = {\url{https://datazimuts.com/en/datasets/fred_fedfunds_target_intel/us_fedfunds_target_daily?snapshot=20261001T054052Z-45717cb9b8e7}},
  note         = {Snapshot 20261001T054052Z-45717cb9b8e7, sha256 45717cb9b8e7b89c4040673187cfb8d6a6ca118c27283c05130399fe236331a3; accessed 2026-10-01}
}

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US federal funds target rate (FOMC, daily)

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