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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 ...
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.
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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.
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.
Officials expect the Fed funds rate to drop from 5.1% in 2024 to 4.1% in 2025, and then to 3.1% in 2026. ... as has been the trend over the last year and a half, the Fed will start to cut interest ...
The federal funds target range is determined by a meeting of the members of the Federal Open Market Committee (FOMC) which normally occurs eight times a year about seven weeks apart. The committee may also hold additional meetings and implement target rate changes outside of its normal schedule.
At the conclusion of its eighth and final rate-setting policy meeting of the year on December 18, 2024, the Federal Reserve announced it was lowering the federal funds target interest rate by 25 ...