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The effective federal funds rate over time, through December 2023. This is a list of historical rate actions by the United States Federal Open Market Committee (FOMC). The FOMC controls the supply of credit to banks and the sale of treasury securities. The Federal Open Market Committee meets every two months during the fiscal year.
Meeting date. Rate change. Target. January 9, 1991: Conference call-25 basis points. 6.75 percent. February 1, 1991: Conference call-50 basis points. 6.25 percent
Federal Reserve Web Site: Federal Funds Rate Historical Data (including the current rate), Monetary Policy, and Open Market Operations; 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
FRASER (The Federal Reserve Archival System for Economic Research) is a digital archive begun in 2004 to safeguard, preserve and provide easy access to the United States’ economic history—particularly the history of the Federal Reserve System—through digitization of documents related to the U.S. financial system. [6]
That course of action might involve increasing or decreasing the federal funds rate. As of Sept. 18, the federal funds rate is 4.75% to 5%. Following its meeting on that date, the FOMC cut the ...
Own work using data from the Federal Reserve The gnuplot source code used to generate the graph is found here: Author: Kbh3rd: Other versions: File:Federal Funds Rate (effective).svg, Image:Federal Funds Rate (effective).png, File:Federal Funds Rate (effective) log scale.svg, File:Federal Funds Rate (effective) log scale fractions.svg
The Federal Reserve began cutting the federal funds rate by 0.25% after its December 11, 2007 meeting, disappointing many investors who had expected a bigger cut; the Dow Jones Industrial Average dropped nearly 300 points that day. The Fed slashed the rate by 0.75% in an emergency action on January 22, 2008, to assist in reversing a significant ...
The report is published in advance of meetings of the Federal Open Market Committee. [2] Each report is a gathering of "anecdotal information on current economic conditions" by each Federal Reserve Bank in its district from "Bank and Branch directors and interviews with key business contacts, economists, market experts, and other sources." [3]