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.
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...
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
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...
“Given our view for continued resilience in U.S. economic growth and higher-for-longer inflation, the Fed will need to keep raising rates into 2023,” SEI’s Solloway wrote in an email on Tuesday. “A peak funds rate of 4.5%-to...
Prime rate, federal funds rate, COFIUpdated: 2025-02-11 This WeekMonth AgoYear Ago WSJ Prime Rate7.57.58.5 Federal Discount Rate4.54.55.5 Fed Funds Rate (Current target rate 4.25-4.50)4.54.55.5 Ratings methodology What's included?The federal funds rate is the primary tool that the Federal Op...
It's popularly believed that when theFederal Reserveraises the federal funds rate—as it did aggressively during 2022 and 2023—mortgage rates are pushed higher. Conversely, when the Fed lowers the federal funds rate, it's usually expected that mortgage rates will fall. So does t...
The Federal ReserveannouncedWednesday it's holding the federal funds rate at the target range of 0% to 0.25% for now, but it also increased its outlook on inflation and is projecting two rate hikes by the end of 2023. While some economists have expressed concern about the potential of the...
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Fed recap: All the market-moving comments from Fed Chair Powell after rate hike Darla Mercado, CFP® The Federal Reserve raised interest rates by 25 basis points, or a quarter of a percentage point. The move brings the benchmark funds rate to a range of 4.75% to 5%. In the wake of...