Fed Interest Rates 2024 Chart.  — the federal funds rate is the interest rate at which depository institutions trade federal funds (balances held at federal reserve banks) with each other overnight. The fed funds rate is the interest rate at which depository institutions (banks and credit unions) lend reserve balances to other.

 — the tables below list the dates of fed meetings when the fomc changed interest rates, the size of each rate change in basis points—abbreviated as bps—and the resulting federal funds target.  — summary of economic projections.