This tile is stale: the value shown is the last
one the source published, never a fabricated current number.
The full history
1960
high 10.24 · low -5.39 · now 0.29 · 9 recessions shaded 2026
How it is read
What it measures
monetary-policy stance
Confidence
ROBUST : a primary official series, mechanically reported.
Reliability (DRS)
DRS 95: CONTEXT: effective fed funds (FEDFUNDS) minus core PCE inflation (PCE_YOY). Stance, not strain: restrictive and accommodative both belong here without a verdict.
Where it comes from
DERIVED ↗Every number on this site is reproducible from this primary source.
Questions it helps answer
Money & Policy: How tight is money, and how fast is credit growing?