USD · OFFICIAL POLICY SOURCE

Federal Reserve — Interest Rate & Policy

Explore the selected policy benchmark, original releases, next scheduled decisions and the seven forex currency pairs involving USD.

Official benchmark · Federal funds target range midpoint3.875%Effective 17 Sept 2026

Latest verified policy decision

Hike +25 bp · 16 Sept 2026. Rate data checked 15 Oct 2026; this is a curated snapshot rather than a real-time quote.

Read Fed official decision ↗

Next policy decisions to watch

Dates reviewed 15 Oct 2026. Official schedules can change, so confirm using Fed's published calendar ↗.

FOMC policy decision

Interest-rate decision, FOMC statement and Chair's press conference

FOMC policy decision and projections

Interest-rate decision, FOMC statement and Chair's press conference

Official Fed policy updates

Last reviewed 15 Oct 2026. These source-dated records are not a breaking-news feed.

7 Oct 2026 · Minutes

Fed publishes minutes from September 15–16 FOMC meeting

The Federal Reserve released the minutes of its September monetary policy meeting. Minutes describe policymakers' discussion at the time of the meeting; they are not a new interest-rate decision or a new forward-rate quote.

Original Fed source ↗
16 Sept 2026 · Rate decision

Fed raises Federal funds target range midpoint · 3.875%

Fed raised its benchmark rate; Trade90's selected federal funds target range midpoint is 3.875%. Effective 2026-09-17.

Original Fed source ↗
AUTOMATIC OFFICIAL SOURCE WATCH

Recently detected central-bank publications

Links detected on official bank websites for USD. Titles are from the original sources. TRADE90 does not treat link discovery as confirmation of a new interest rate.

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Seven forex pairs involving USD

Each pair compares this central bank with one other policy benchmark and links to their two official publications.

How to interpret the USD benchmark

Federal funds target range midpoint is the selected benchmark for Federal Reserve. Traders monitor US inflation, payrolls, Fed communications and Treasury-market repricing. Its nominal rate is not by itself a price forecast for USD or a brokerage swap quote.

For the underlying definitions and policy-gap calculations, see TRADE90 methodology.