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In the span of just about a year and a half, the Federal Open Market Committee (FOMC) lifted interest rates 11 times, bringing its key federal funds rate to a target range of 5.25-5.5 percent ...
Federal funds effective rate Note The daily effective federal funds rate is a weighted average of rates on brokered trades. Weekly figures are averages of 7 calendar days ending on Wednesday of the current week; monthly figures include each calendar day in the month. Annualized using a 360-day year or bank interest.
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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.
The Fed’s federal funds archive goes back as far as 1990, which is just a few years after the FOMC began using federal fund rate targets to implement monetary policy.
Note: This only applies to original works of the Federal Government and not to the work of any individual U.S. state, territory, commonwealth, county, municipality, or any other subdivision. This template also does not apply to postage stamp designs published by the United States Postal Service since 1978.