Proxy Funds Rate in the United States increased to 3.83 percent in March from 3.51 percent in February of 2026. Proxy Funds Rate in the United States averaged 4.72 percent from 1976 until 2026, reaching an all time high of 17.44 percent in September of 1981 and a record low of -1.41 percent in January of 2011. source: Federal Reserve Bank of San Francisco

Proxy Funds Rate in the United States is expected to be 3.83 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 3.83 percent in 2027, according to our econometric models.



Related Last Previous Unit Reference
Banks Balance Sheet 25450.10 25340.10 USD Billion May 2026
Fed Balance Sheet 6713643.00 6728502.00 USD Million May 2026
Effective Federal Funds Rate 3.62 3.62 percent May 2026
Fed Capital Account Surplus 6785.00 6785.00 USD Million May 2026
Foreign Bond Investment 13500.00 2600.00 USD Million Mar 2026
Foreign Exchange Reserves 38121.00 38992.00 USD Million Mar 2026
Fed Interest Rate 3.75 3.75 percent Apr 2026
Loans to Private Sector 2865.30 2822.10 USD Billion Apr 2026
Money Supply M0 5470400.00 5458600.00 USD Million Apr 2026
Money Supply M1 19531.80 19436.40 USD Billion Apr 2026
Money Supply M2 22804.50 22686.40 USD Billion Apr 2026
Private Debt to GDP 142.20 145.00 percent Dec 2025
Proxy Funds Rate 3.83 3.51 percent Mar 2026
Secured Overnight Financing Rate 3.63 3.55 percent May 2026


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
3.83 3.51 17.44 -1.41 1976 - 2026 percent Monthly
NSA