The Federal Reserve determines the price of borrowing money through one of its primary interest rates, the fed funds rate. The fed funds rate influences various financial decisions and products, such as credit card rates and mortgage rates. The Fed's decision to raise or lower the fed funds...
The fed funds rate has ranged anywhere from 0% to as high as 20% since 1971. Learn about the highs and lows, and the key economic events over time.
Michael Gapen, head of U.S. economics at Bank of America, said it came as a surprise that Fed officials' forecast for the federal funds rate this year was 50 basis points higher than their March forecast. Based on that change, he expects the Fed to raise rates by 25 basis points in ...
Over the longer term, FOMC members pointed to a funds rate of 2.9% in 2026. That's above what the Fed considers the "neutral" rate of interest that is neither stimulative nor restrictive for growth. This was the first time the committee provided a look at 2026. The long-run expected ne...
Start-ups, which SVB mainly serves, are experiencing the ebb tide in the U.S. economic cycle as they began a run on the bank due to difficulties in raising funds, said Kiuchi, also a former Bank of Japan (BOJ) board member.
Michael Gapen, head of U.S. economics at Bank of America, said it came as a surprise that Fed officials' forecast for the federal funds rate this year was 50 basis points higher than their March forecast. Based on that change, he expects the Fed to raise rates by 25 basis points in...
The federal funds rate, which sets overnight borrowing costs for banks but also influences consumer borrowing costs, is currently targeted in a range of 5.25% to 5.50%, the result of 11 rate increases between March 2022 and July 2023. ...
"I would say the committee is of a mind to raise the federal funds rate at the March meeting assuming that conditions are appropriate for doing so," Powell said, adding inflation risks are "still to the upside" in the views of most Fed officials. ...
In a widely expected move, the U.S. central bank kept its benchmark short-term borrowing rate in a targeted range between 5.25%-5.50%. The federal funds rate has been at that level since July 2023, when the Fed last hiked and took the range to its highest level in more than two dec...
4:20 a.m. 19:20:40, March 23, 2023 Dow falls 500 points after Fed's rate hike decision From CNN's Krystal Hur Stocks fell sharply on Wednesday after the Federal Reserve reaffirmed its dedication to tamping down inflation. Markets had been fickle all day, before settling in the red...