United States Fed Funds Rate 1971-2014 | Data | Chart | Calendar

Federal Funds rate in the United States was last reported at 0.25 percent. Interest Rate in the United States averaged 6.04 Percent from 1971 until 2014, reaching an all time high of 20.00 Percent in March of 1980 and a record low of 0.25 Percent in December of 2008. Interest Rate in the United States is reported by the Federal Reserve.

   
 
 
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United States Fed Funds Rate


Actual Previous Highest Lowest Dates Unit Frequency
0.25 0.25 20.00 0.25 1971 - 2014 Percent Monthly
In the United States, the authority for interest rate decisions is divided between the Board of Governors of the Federal Reserve (Board) and the Federal Open Market Committee (FOMC). The Board decides on changes in discount rates after recommendations submitted by one or more of the regional Federal Reserve Banks. The FOMC decides on open market operations, including the desired levels of central bank money or the desired federal funds market rate. This page provides - Fed Cuts QE to $65 Billion Pace - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - United States Fed Funds Rate - was last refreshed on Wednesday, September 3, 2014.


Fed May Rise Rates Sooner Than Expected


In a speech during the Economic Symposium in Jackson Hole, Fed Chair Janet Yellen brought the possibility of raising interest rates earlier than anticipated if progress in the labor market continued or if inflation moves up more rapidly.

Extracts from the Speech by Chair Janet L. Yellen at the Federal Reserve Bank of Kansas City Economic Symposium, Jackson Hole, Wyoming

At the FOMC's most recent meeting, the Committee judged, based on a range of labor market indicators, that "labor market conditions improved." Indeed, as I noted earlier, they have improved more rapidly than the Committee had anticipated. Nevertheless, the Committee judged that underutilization of labor resources still remains significant. Given this assessment and the Committee's expectation that inflation will gradually move up toward its longer-run objective, the Committee reaffirmed its view "that it likely will be appropriate to maintain the current target range for the federal funds rate for a considerable time after our current asset purchase program ends, especially if projected inflation continues to run below the Committee's 2 percent longer-run goal, and provided that longer-term inflation expectations remain well anchored. But if progress in the labor market continues to be more rapid than anticipated by the Committee or if inflation moves up more rapidly than anticipated, resulting in faster convergence toward our dual objectives, then increases in the federal funds rate target could come sooner than the Committee currently expects and could be more rapid thereafter. Of course, if economic performance turns out to be disappointing and progress toward our goals proceeds more slowly than we expect, then the future path of interest rates likely would be more accommodative than we currently anticipate. As I have noted many times, monetary policy is not on a preset path. The Committee will be closely monitoring incoming information on the labor market and inflation in determining the appropriate stance of monetary policy

anna@tradingeconomics.com
8/22/2014 3:45:06 PM


Recent Releases

Fed Exit Strategy May Occur Sooner Than Anticipated
US Federal Reserve officials said that tightening of monetary policy may happen sooner than expected and would give warning on any changes well before interest rates rise, according to minutes of its last policy meeting. Published on 2014-08-20

US Fed Cuts Bond Buying Program to $25 Billion
During the meeting held on July 30th, US Federal Open Market Committee reduced monthly asset purchases by another $10 Billion and said slack in the labor market persists even as the economy is improving. Published on 2014-07-30


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-07-30 07:00 PM United States
Fed Interest Rate Decision
0.25% 0.25% 0.25% 0.25%
2014-07-30 07:00 PM United States
QE Total
$25B $35B
2014-07-30 07:00 PM United States
QE Treasuries
$15B $20B
2014-07-30 07:00 PM United States
QE MBS
$10B $15B
2014-08-20 07:00 PM United States
FOMC Minutes


Money Last Previous Highest Lowest Unit
Interest Rate 0.25 0.25 20.00 0.25 Percent [+]
Money Supply M0 3989063.00 3948679.00 3989063.00 40425.00 USD Million [+]
Money Supply M1 2834.80 2793.80 2834.80 138.90 USD Billion [+]
Money Supply M2 11351.40 11303.20 11351.40 286.60 USD Billion [+]
Central Bank Balance Sheet 4375964.00 4363781.00 4377166.00 672444.00 USD Million [+]
Foreign Exchange Reserves 145176.00 144581.00 153075.00 12128.00 USD Million [+]
Loans to Private Sector 7666.05 7605.16 7666.05 39.04 USD Billion [+]


Interest Rate Reference Previous Highest Lowest Unit
Australia 2.50 Sep/14 2.50 17.50 2.50 Percent [+]
Brazil 11.00 Jul/14 11.00 45.00 7.25 Percent [+]
Canada 1.00 Jul/14 1.00 16.00 0.25 Percent [+]
China 6.00 Jul/14 6.00 10.98 5.31 Percent [+]
Euro Area 0.15 Aug/14 0.15 4.75 0.15 Percent [+]
France 0.15 Aug/14 0.15 4.75 0.15 Percent [+]
Germany 0.15 Aug/14 0.15 4.75 0.15 Percent [+]
India 8.00 Aug/14 8.00 14.50 4.25 Percent [+]
Indonesia 7.50 Aug/14 7.50 12.75 5.75 Percent [+]
Italy 0.15 Aug/14 0.15 4.75 0.15 Percent [+]
Japan 0.00 Aug/14 0.00 9.00 0.00 Percent [+]
Mexico 3.00 Jul/14 3.00 9.25 3.00 Percent [+]
Netherlands 0.15 Aug/14 0.15 4.75 0.15 Percent [+]
Russia 8.00 Jul/14 7.50 10.50 5.00 Percent [+]
South Korea 2.25 Aug/14 2.50 5.25 2.00 Percent [+]
Spain 0.15 Aug/14 0.15 4.75 0.15 Percent [+]
Switzerland 0.00 Jul/14 0.00 3.50 0.00 Percent [+]
Turkey 8.25 Aug/14 8.25 500.00 4.50 Percent [+]
United Kingdom 0.50 Aug/14 0.50 17.00 0.50 Percent [+]
United States 0.25 Jul/14 0.25 20.00 0.25 Percent [+]





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