20211013

United States Fed Funds Rate

The Federal Reserve is expected to keep the fed funds rate at 0-0.25% and bond-buying at the current $120 billion monthly pace during the September 2021 meeting but the central bank is likely to signal scaling back asset purchases later this year. Fed Chair Powell and other officials have been reiterating the Fed will start tapering this year but investors are waiting for more details, particularly after mixed economic data was recently released. The Fed will also release updated forecasts for growth and inflation and the so-called dot plot could eventually show pressure to hike interest rates next year. Interest Rate in the United States averaged 5.49 percent from 1971 until 2021, reaching an all time high of 20 percent in March of 1980 and a record low of 0.25 percent in December of 2008. In the United States, the authority to set interest rates is divided between the Board of Governors of the Federal Reserve (Board) and the Federal Open Market Committee (FOMC). The Board decides on changes in discount rates after recommendations submitted by one or more of the regional Federal Reserve Banks. The FOMC decides on open market operations, including the desired levels of central bank money or the desired federal funds market rate. This page provides the latest reported value for - United States Fed Funds Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

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United States Fed Funds Rate

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