Fed Funds Target Rate
US federal funds upper-bound target rate (%, daily)
| Property | Value |
|---|---|
| Category | macro |
| Unit | % |
| Resolution | 1d |
| Assets | MACRO |
| Tier | Basic |
| API Endpoint | GET /v1/macro/rates |
| Field | fed_funds_rate |
Overview
The upper-bound of the Federal Funds target rate range set by the Federal Open Market Committee (FRED DFEDTARU). The Fed funds rate is the primary tool of US monetary policy and the anchor for short-term USD interest rates globally. Daily frequency, expressed in percent.
Interpretation
- Rising rates: tightening policy, restrictive conditions — historically correlated with BTC drawdowns and bear markets.
- Falling rates: easing policy, accommodative conditions — historically the regime in which BTC bull markets begin.
- Rate plateaus at cycle peaks have often marked the late-stage opportunity for BTC accumulation ahead of cuts.
Use Cases
- Use as the foundational input to all BTC macro overlay models.
- Compare to
macro_ust_2yto extract market-implied policy expectations versus the actual policy rate. - Track alongside
macro_fed_balance_sheetto assess the full stance of monetary policy.
API Usage
curl -H "Authorization: Bearer YOUR_API_KEY" \
"https://api.blocklens.co/v1/macro/rates?start_date=2024-01-01&end_date=2024-12-31&limit=365"
Related Metrics
- 2-Year Treasury Yield — US 2-year Treasury constant maturity yield (%, daily)
- 10-Year Treasury Yield — US 10-year Treasury constant maturity yield (%, daily)
- 10-Year Treasury (CBOE) — CBOE 10-Year Treasury Note Yield ^TNX (%, daily, ÷10)
- 13-Week T-Bill Yield (CBOE) — CBOE 13-Week Treasury Bill Yield ^IRX (%, daily)