Federal Reserve officials reiterated their pledge to maintain aggressive measures to support the economy, minutes from the July 28-29 meeting showed. The Fed policy is going to remain extremely accommodative given great uncertainty and some stalling in large parts of the recovery. Regarding the yield curve control, officials continued to voice scepticism about its usefulness. The Federal Reserve left the target range for its federal funds rate unchanged at 0-0.25 percent on July 29th 2020 to bolster business through the pandemic.

Interest Rate in the United States averaged 5.59 percent from 1971 until 2020, reaching an all time high of 20 percent in March of 1980 and a record low of 0.25 percent in December of 2008. 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. United States Fed Funds Rate - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: Federal Reserve

Interest Rate in the United States is expected to be 0.25 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in the United States to stand at 0.25 in 12 months time. In the long-term, the United States Fed Funds Rate is projected to trend around 0.25 percent in 2021, according to our econometric models.

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United States Fed Funds Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.25 0.25 20.00 0.25 1971 - 2020 percent Daily


Calendar GMT Actual Previous Consensus TEForecast
2020-03-15 09:00 PM Fed Interest Rate Decision 0.25% 1.25%
2020-04-29 06:00 PM Fed Interest Rate Decision 0.25% 0.25% 0.25% 0.25%
2020-06-10 06:00 PM Fed Interest Rate Decision 0.25% 0.25% 0.25% 0.25%
2020-07-29 06:00 PM Fed Interest Rate Decision 0.25% 0.25% 0.25% 0.25%
2020-08-25 07:25 PM Fed Daly Speech
2020-08-27 12:00 AM Jackson Hole Economic Policy Symposium
2020-08-27 01:10 PM Fed Chair Powell Speech
2020-08-28 12:00 AM Jackson Hole Economic Policy Symposium


News Stream
Fed Maintains Dovish Stance
Federal Reserve officials reiterated their pledge to maintain aggressive measures to support the economy, minutes from the July 28-29 meeting showed. The Fed policy is going to remain extremely accommodative given great uncertainty and some stalling in large parts of the recovery. Regarding the yield curve control, officials continued to voice scepticism about its usefulness. The Federal Reserve left the target range for its federal funds rate unchanged at 0-0.25 percent on July 29th 2020 to bolster business through the pandemic.
2020-08-19
Fed Keeps Rates on Hold
The Federal Reserve left the target range for its federal funds rate unchanged at 0-0.25 percent on July 29th 2020 as expected. Policymakers reiterated the Fed is committed to using its full range of tools to support the US economy and repeated the coronavirus pandemic poses considerable risks to the economic outlook over the medium term. The federal funds rate will remain near zero until the economy has weathered recent events and is on track to achieve its maximum employment and price stability goals. Policymakers also pledged to maintain the bond purchases and the array of lending and liquidity programs at least at the current pace. Meanwhile, the central bank announced the extension of its dollar liquidity swap lines and the temporary repurchase agreement facility for foreign and international monetary authorities through March 31st, 2021.
2020-07-29
Fed Seen Leaving Monetary Policy on Hold
The Federal Reserve is seen leaving the target range for its federal funds rate unchanged at 0-0.25% during its July 28-29 meeting. The central bank is not expected to make big changes to its asset purchase policies although investors will be looking for a discussion on additional stimulus and a change in forward guidance for the coming months. Policymakers are seen keeping their pledge that the Fed will do whatever it can to support the economy and that interest rates will remain at the current level for some time while reinforcing the need of fiscal stimulus. On July 28th, the Fed announced an extension of its lending programs to businesses, governments and individuals to the end of 2020, saying that the three-month extension will facilitate planning by potential facility participants and provide certainty that the facilities will continue to be available to help the economy recover from the COVID-19 pandemic.
2020-07-29
Fed Extends Lending Programs to End of 2020
The US Federal Reserve on Tuesday announced an extension of its lending programs to businesses, governments and individuals to the end of 2020, saying that the three-month extension will facilitate planning by potential facility participants and provide certainty that the facilities will continue to be available to help the economy recover from the COVID-19 pandemic. US Fed officials are expected to maintain their accommodative stance after a two-day monetary policy meeting starting today, with investor focus turning to the central bank's economic outlook for further details about future policy steps.
2020-07-28

United States Fed Funds Rate
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.