Proxy Funds Rate in the United States increased to 4.92 percent in October from 4.71 percent in September of 2024. Proxy Funds Rate in the United States averaged 4.73 percent from 1976 until 2024, reaching an all time high of 17.42 percent in September of 1981 and a record low of -1.42 percent in January of 2011. source: Federal Reserve Bank of San Francisco

Proxy Funds Rate in the United States is expected to be 4.67 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Proxy Funds Rate is projected to trend around 3.67 percent in 2025 and 3.17 percent in 2026, according to our econometric models.




Related Last Previous Unit Reference
Banks Balance Sheet 23629.30 23546.60 USD Billion Nov 2024
Fed Balance Sheet 6923731.00 6967108.00 USD Million Nov 2025
Effective Federal Funds Rate 4.58 4.58 percent Nov 2024
Fed Capital Account Surplus 6785.00 6785.00 USD Million Nov 2024
Foreign Bond Investment 77000.00 19200.00 USD Million Sep 2024
Foreign Exchange Reserves 37805.00 37318.00 USD Million Sep 2024
Interbank Rate 4.85 4.86 percent Sep 2024
Fed Interest Rate 4.75 5.00 percent Nov 2024
Loans to Private Sector 2787.20 2779.50 USD Billion Oct 2024
Money Supply M0 5567200.00 5588400.00 USD Million Oct 2024
Money Supply M1 18237.40 18152.60 USD Billion Oct 2024
Money Supply M2 21311.20 21222.70 USD Billion Oct 2024
Private Debt to GDP 216.50 224.50 percent Dec 2023
Proxy Funds Rate 4.92 4.71 percent Oct 2024
Secured Overnight Financing Rate 4.58 4.57 percent Nov 2024

United States Proxy Funds Rate
In the United States, the proxy funds rate uses a set of 12 financial variables, including Treasury rates, mortgage rates, and borrowing spreads to assess the broader stance of monetary policy. The proxy rate can be interpreted as indicating what federal funds rate would typically be associated with prevailing financial market conditions if these conditions were driven solely by the funds rate.
Actual Previous Highest Lowest Dates Unit Frequency
4.92 4.71 17.42 -1.42 1976 - 2024 percent Monthly
NSA