Kansas City Fed's Measure of Policy Rate Uncertainty (KCPRU) (KCPRU)

Apr 2026: .
Updated: Apr 6, 2026 11:23 AM CDT
Apr 2026:  .  
Mar 2026:  1.139  
Feb 2026:  0.821  
Jan 2026:  0.743  
Dec 2025:  0.836  
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Units:

Percentage Points,
Not Seasonally Adjusted

Frequency:

Monthly,
Average

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Notes

Source: Federal Reserve Bank of Kansas City  

Release: Kansas City Fed Policy Rate Uncertainty  

Units:  Percentage Points, Not Seasonally Adjusted

Frequency:  Daily

Notes:

The Kansas City Fed's Measure of Policy Rate Uncertainty is a daily measure of market-based uncertainty regarding where short-term U.S. interest rates will be one year in the future. Prior to 2023, the KC PRU was calculated using options on Eurodollar futures, which settled based on the unsecured London Interbank Offered Rate (LIBOR). From 2023 onward, it is calculated using options on Secured Overnight Financing Rate (SOFR) futures. For questions on the data or methodology, please contact the data source.

Suggested Citation:

Federal Reserve Bank of Kansas City, Kansas City Fed's Measure of Policy Rate Uncertainty (KCPRU) [KCPRU], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/KCPRU, .

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