Fed Interest Rate — Current Value & Crypto Market Impact
Data for September 2026
FEDFUNDS is the monthly average effective federal funds rate, reflecting overnight lending between banks.
What is the latest Fed Funds Rate reading?
The latest Fed Funds Rate reading is 3.75% for September 2026.
What is Fed Funds Rate?
This page shows the monthly average effective federal funds rate from the FRED FEDFUNDS series. It reflects overnight transactions between banks. The FOMC sets a target range, and the Federal Reserve uses its policy tools to steer market rates toward that range.
How Fed Funds Rate Affects Crypto Markets
The Fed Rate has a delayed but powerful impact on crypto markets. Rate hikes reduce liquidity, increase the opportunity cost of holding non-yielding assets like Bitcoin, and strengthen the dollar — all bearish for crypto. Rate cuts have the opposite effect. Markets typically price in expected rate changes ahead of time, so the largest crypto moves happen on unexpected decisions or shifts in FOMC guidance. Track upcoming Fed meetings on our economic calendar.
Value History
2024-11-01 — 2026-09-01 · data points: 23
Data table (rows: 23)
| Date | Value |
|---|---|
| 2026-09-01 | 3.75% |
| 2026-08-01 | 3.63% |
| 2026-07-01 | 3.63% |
| 2026-06-01 | 3.63% |
| 2026-05-01 | 3.63% |
| 2026-04-01 | 3.64% |
| 2026-03-01 | 3.64% |
| 2026-02-01 | 3.64% |
| 2026-01-01 | 3.64% |
| 2025-12-01 | 3.72% |
| 2025-11-01 | 3.88% |
| 2025-10-01 | 4.09% |
| 2025-09-01 | 4.22% |
| 2025-08-01 | 4.33% |
| 2025-07-01 | 4.33% |
| 2025-06-01 | 4.33% |
| 2025-05-01 | 4.33% |
| 2025-04-01 | 4.33% |
| 2025-03-01 | 4.33% |
| 2025-02-01 | 4.33% |
| 2025-01-01 | 4.33% |
| 2024-12-01 | 4.48% |
| 2024-11-01 | 4.64% |
Latest AI Analysis
RETURN OF RISK APPETITE
🟢 Positive — Sentiment has improved, but fund demand still lags
Risk appetite is back: the Fear & Greed Index rose from 53 to 63, entering greed territory. Yet bitcoin funds have recorded outflows for a second consecutive day — sentiment is running ahead of demand. Reports of possible escalation around Iran and strikes between Russia and Ukraine keep the risk of higher energy prices and a flight to safety in play. Meanwhile, prediction markets put the probability of a US recession at just 7.5%. The sentiment turnaround is encouraging, but its staying power remains uncertain without renewed fund inflows.
WHAT TO WATCH
A Fear & Greed Index close above 63 on October 17 would confirm further improvement in sentiment. This test would not establish that fund demand has returned.
Related Indicators
Impact on Crypto Trading
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FAQ
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