18 Dec 2024 19:00 GMT High 4.50% 4.75% Last release Importance Actual Forecast Previous 29 Jan 2025 19:00 GMT 6 4.50% Next release Days Actual Forecast Previous Overview Chart History WidgetFed Interest Rate Decision is made eight times a year during the vote among the members of the...
A top question on the minds of investors and consumers alike is when might the Federal Reserve make its first interest rate cut after two years of rapid hikes, which have sent mortgage and credit card rates soaring. But after Tuesday'shotter-than-forecast inflation report, economists have...
The benchmark interest rate in the United States was last recorded at 4.50 percent. This page provides the latest reported value for - United States Fed Funds Rate - plus previous releases, historical high and low, short-term forecast and long-term predi
U.S. Federal Reserve Chair Jerome Powell (at the podium) attends a press conference in Washington, D.C., the United States, on May 1, 2024. (Xinhua/Liu Jie) U.S. Federal Reserve Chair Jerome Powell attends a press conference in Washington, D.C., the United States, on May 1, 2024...
U.S. Federal Reserve Chair Jerome Powell attends a press conference in Washington, D.C., the United States, on March 20, 2024. The U.S. Federal Reserve on Wednesday left interest rates unchanged at a 22-year high of 5.25 percent to 5.5 percent as recent consumer data indicates continued...
2024 10.00 5.00 0.00 INSTITUTIONS AND OTHER BACKGROUND INFORMATION What are interest rates? How are they defined by central banks? Interest rates are what central banks charge to their domestic banks to borrow money. Although central banks also use rates as a tool to stabilize the economy. Lower...
WASHINGTON – Federal Reserve officials on Wednesday held short-term interest rates steady but indicated that inflation is getting closer to its target, which could open the door for future interest rate cuts. Central bankers made no obvious indications, though, that a reduction is imminent, choosin...
WASHINGTON – The Federal Reserve on Wednesday held its ground on interest rates, again deciding not to cut as it continues a battle with inflation that has grown more difficult lately. In a widely expected move, the U.S. central bank kept its benchmark short-term borrowing rate in a targe...
If and when rates are finally cut, many of the trends of the past two years will start to reverse. To an extent, that’s already happening — just in anticipation of rate cuts. Estimated interest rate* Money’s methodology: *Based on an the U.S. average rate for consumers with an Ex...
The Federal Reserve on Wednesday held its key interest rate steady for the third straight time and set the table for multiple cuts to come in 2024 and beyond. With the inflation rate easing and the economy holding in, policymakers on the Federal Open Market Committee voted unanimously to keep...