Track Fed Rate Cuts
Live probability, CPI trends, and FOMC meeting schedules — free forever.
Fed Funds Rate
3.75%
3.75%–4% target
Last Change
-0.25%
December 10, 2025
CPI Inflation
2.8%
Core: 3.1%
Unemployment
4.2%
U-3 Rate
Rate Cut Probability
Next meeting: June 17, 2026
30 days away
45%
Cut
55%
Hold
Next FOMC Meeting
days until meeting
June 17, 2026
Fed's Inflation Targets
Target: 2% · Last updated 2026-04-10
Fed Funds Rate History (2022–2025)
View full history →Economic Indicators
View all →Consumer Price Index (CPI)
-0.33.1%
The Consumer Price Index measures the average change in prices paid by urban consumers for a market basket of goods and services. It is the most widely used measure of inflation.
Core CPI (ex Food & Energy)
-0.13.8%
Core CPI excludes the volatile food and energy categories to give a cleaner picture of underlying inflation trends.
PCE Price Index
-0.12.5%
The Personal Consumption Expenditures Price Index is the Fed's preferred inflation gauge. It covers a broader range of expenditures than CPI and adjusts for changes in consumer behavior.
Core PCE Price Index
-0.12.8%
Core PCE excludes food and energy. This is the Federal Reserve's primary inflation target — the Fed aims for 2% core PCE over the long run.