WASHINGTON, Feb. 5 (Xinhua) -- A senior U.S. Federal Reserve (Fed) official said on Wednesday that the current level of interest rates remains appropriate despite economic uncertainty and other headwinds. "For right now, the way I see it is the (interest rate) cuts we have in place alr...
The shift in Fed policy has posed a major problem for the equity market, because those high valuations have been premised on the assumption that low interest rates will last forever. Now markets are expecting the Fed to begin raising rates soon from the current record-low level of near zero...
Fed Funds Rate (Current target rate 4.25-4.50)4.54.55.5 What it means:The interest rate at which banks and other depository institutions lend money to each other, usually on an overnight basis. The law requires banks to keep a certain percentage of their customer's money on reserve, where ...
Yellen: FOMC to keep rates low The length of time the Federal Reserve keeps its key interest rate near zero will depend on how far the U.S. economy remains from the central bank's employment and inflation goals, and how long it will likely take to meet them, Fed Chair Janet Yellen sai...
Following this week's Federal Open Market Committee meeting, the central bank said it would maintain its current interest rate target between 0% and 0.25%. "The ongoing public health crisis will weigh heavily on economic activity, employment, and inflation in the near term...
Prime rate, federal funds rate, COFIUpdated: 2025-02-11 This WeekMonth AgoYear Ago Fed Funds Rate (Current target rate 4.25-4.50)4.54.55.5 What it means:The interest rate at which banks and other depository institutions lend money to each other, usually on an overnight basis. The law requ...
Yasuya Ueno, chief market economist at Mizuho Securities, pointed out that given the current turmoil in the U.S. financial system, it will be difficult for the Fed to continue raising interest rates. Financial markets have been worried that the impact of the Fed's aggressive rate hikes will...
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Yasuya Ueno, chief market economist at Mizuho Securities, pointed out that given the current turmoil in the U.S. financial system, it will be difficult for the Fed to continue raising interest rates. Financial markets have been worried that the impact of the Fed's aggressive rate hikes will...
The current interest rates of more central banks Current FED Federal funds rate Date Rate 12-18-2024 4.50 % 11-07-2024 4.75 % 09-19-2024 5.00 % 07-26-2023 5.50 % 05-03-2023 5.25 % 03-22-2023 5.00 % 02-01-2023 4.75 %