The Fed funds target rate is a range. It was previously a range of 0.25% to 0.5%. After the .5% rate increase, the range is now 0.75% to 1%. That's what the (c

The Fed funds target rate is a range. It was previously a range of 0.25% to 0.5%. After the .5% rate increase, the range is now 0.75% to 1%. That's what the (confusing) 0.75% to 1% label in the graph is indicating.