
Key points
Federal funds rate target and futures for various months (%) | Target stepped up to ~3.875%; the Dec 2027 contract eased from ~4.8% to ~4.3%
Image source: @robin_j_brooks

Federal funds rate target and futures for various months (%) | Target stepped up to ~3.875%; the Dec 2027 contract eased from ~4.8% to ~4.3%
Image source: @robin_j_brooks