Fed Funds Rate (FF Rate)
The US policy interest rate. The source of all interest rates, governing global capital flows.
Market Impact
RISING / BULLISH
Stronger Dollar, lower asset prices, increased corporate debt burden.
FALLING / BEARISH
Weaker Dollar, risk-on markets, vitalization of the housing market.
Context 2026
With the rise of the neutral rate (r-star), a return to the zero-interest era of the 2010s is not expected. Revenue models that work in a 'world with interest' (maintained at 3-4%) are required.
OmniMetric Relevance
Extremely High. Direct input for discount rate. Affects 'Leverage Recommendation' in the GMS Score.