Central Bank Intelligence
Global Central Banks
Live rates, policy decisions, and rate cycle tracking for 8 major central banks
🇺🇸
Federal Reserve
United States · USD
Policy Rate
4.33%
Last: -25bps (Jan 2025)
Cycle Peak
5.33%
Jul 2023
Holding — Inflation Watch
GovernorJerome Powell
CurrencyUSD
Mandate
Price stability & maximum employment (dual mandate)
Policy Analysis
The Fed held at 4.33% today following the March 2026 SEP. Core PCE at 2.4% shows continued disinflation but remains above target. Markets are pricing one 25bps cut by year-end. The dot plot shows the median FOMC member expects one cut in 2026.
Recent Decisions
Mar 2026
Hold4.33%
Jan 2026
Hold4.33%
Dec 2025
Hold4.33%
Jan 2025
-25bps4.33%
Federal Reserve — Rate History
Q1 2022 → Present
LIVE
Rate Cycle Comparison
All 8 major central banks — Q1 2022 → Present
Current Policy Rates
All 8 major central banks — today
Rate Differential Matrix
Carry trade signal — positive = row country has higher rate than column
| vs → | 🇺🇸 FED | 🇪🇺 ECB | 🇬🇧 BoE | 🇯🇵 BoJ | 🇨🇳 PBoC | 🇦🇺 RBA | 🇨🇦 BoC | 🇨🇭 SNB |
|---|---|---|---|---|---|---|---|---|
| 🇺🇸 FED | — | +1.68% | -0.17% | +3.58% | +0.88% | +0.23% | +1.33% | +4.08% |
| 🇪🇺 ECB | -1.68% | — | -1.85% | +1.90% | -0.80% | -1.45% | -0.35% | +2.40% |
| 🇬🇧 BoE | +0.17% | +1.85% | — | +3.75% | +1.05% | +0.40% | +1.50% | +4.25% |
| 🇯🇵 BoJ | -3.58% | -1.90% | -3.75% | — | -2.70% | -3.35% | -2.25% | +0.50% |
| 🇨🇳 PBoC | -0.88% | +0.80% | -1.05% | +2.70% | — | -0.65% | +0.45% | +3.20% |
| 🇦🇺 RBA | -0.23% | +1.45% | -0.40% | +3.35% | +0.65% | — | +1.10% | +3.85% |
| 🇨🇦 BoC | -1.33% | +0.35% | -1.50% | +2.25% | -0.45% | -1.10% | — | +2.75% |
| 🇨🇭 SNB | -4.08% | -2.40% | -4.25% | -0.50% | -3.20% | -3.85% | -2.75% | — |