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Year-on-year inflation bottomed at 5% in December 1976 before moving higher once again. Paul Volcker was chosen as Fed Chairman in 1979 in order to deal with the challenge of high inflation. In a rare Saturday press conference on October 6, 1979, [6] Paul Volcker's federal reserve increased the Fed Funds rate from 11% to 12%. [7]
MoneyCafe.com page with Fed Funds Rate and historical chart and graph ; Historical data (since 1954) comparing the US GDP growth rate versus the US Fed Funds Rate - in the form of a chart/graph ; Federal Reserve Bank of Cleveland: Fed Fund Rate Predictions; Federal Funds Rate Data including Daily effective overnight rate and Target rate
1994-1995: Soft Landing. Once it had rebounded from the 1990-1991 recession, the U.S. economy entered a period of unprecedented growth. Unemployment had dropped, inflation was below 3% and the ...
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The Federal Reserve finally took the plunge and raised rates. ... (see chart below). The other post-rate hike periods averaged gains of 5.9%, with the year following the 1994 increase barely eking ...
The Fed’s dot plot is a chart updated quarterly that records each Fed official’s projection for the central bank’s key short-term interest rate, the federal funds rate. The dots reflect what ...
This Federal Reserve committee makes key decisions about interest rates and the growth of the United States money supply. [2] Under the terms of the original Federal Reserve Act , each of the Federal Reserve banks was authorized to buy and sell in the open market bonds and short term obligations of the United States Government , bank ...
Federal Reserve Chair Jerome Powell has mentioned two factors that could lead to interest rate cuts. One was inflation declining to near the Fed's 2% goal. The other was a weakening job market.