76%
25 bps increase
▲ 11 pts in 24 h
- 25 bps increase ▲11 76%
- No change ▼11 20%
- 25 bps decrease <1%
- 50+ bps decrease <1%
- 1 more1%
25 bps increase, last 16 days
Summary in preparation.
The move was larger before the first headline than after. That is an observation, not an explanation: the market also moves on things nobody publishes.
Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.
| When | What happened | Figure |
|---|---|---|
| 37 days ago | Federal funds rate: 3.88 (+0.13) rise | Oct 2026 |
| 2 months ago | Federal funds rate: 3.75 (+0.12) rise | Sep 2026 |
| 3 months ago | Federal funds rate: 3.63 no change | Aug 2026 |
| 4 months ago | Federal funds rate: 3.63 no change | Jul 2026 |
| 5 months ago | Federal funds rate: 3.63 no change | Jun 2026 |
FRED series, with the value of each release and its change.