
Key points
Fed funds futures-implied rates, Jan-Sep 2026 | Dec-27 contract rose to 4.65% on 9/23, above the 3.875% current target
Image source: @robin_j_brooks

Fed funds futures-implied rates, Jan-Sep 2026 | Dec-27 contract rose to 4.65% on 9/23, above the 3.875% current target
Image source: @robin_j_brooks