United States Fed Funds Rate  1971-2018 | Data | Chart | Calendar

The Federal Reserve kept the target range for the federal funds rate at 1.75 percent to 2 percent during its August 2018 meeting, in line with market expectations. Policymakers said the labor market has continued to strengthen and economic activity has been rising at a strong rate, suggesting a rate hike at its next meeting in September is likely. Interest Rate in the United States averaged 5.72 percent from 1971 until 2018, reaching an all time high of 20 percent in March of 1980 and a record low of 0.25 percent in December of 2008.

United States Fed Funds Rate
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Fed Leaves Rates Steady


The Federal Reserve kept the target range for the federal funds rate at 1.75 percent to 2 percent during its August 2018 meeting, in line with market expectations. Policymakers said the labor market has continued to strengthen and economic activity has been rising at a strong rate, suggesting a rate hike at its next meeting in September is likely.

FOMC Statement:

Information received since the Federal Open Market Committee met in June indicates that the labor market has continued to strengthen and that economic activity has been rising at a strong rate. Job gains have been strong, on average, in recent months, and the unemployment rate has stayed low. Household spending and business fixed investment have grown strongly. On a 12-month basis, both overall inflation and inflation for items other than food and energy remain near 2 percent. Indicators of longer-term inflation expectations are little changed, on balance.

Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. The Committee expects that further gradual increases in the target range for the federal funds rate will be consistent with sustained expansion of economic activity, strong labor market conditions, and inflation near the Committee's symmetric 2 percent objective over the medium term. Risks to the economic outlook appear roughly balanced.

In view of realized and expected labor market conditions and inflation, the Committee decided to maintain the target range for the federal funds rate at 1-3/4 to 2 percent. The stance of monetary policy remains accommodative, thereby supporting strong labor market conditions and a sustained return to 2 percent inflation.

In determining the timing and size of future adjustments to the target range for the federal funds rate, the Committee will assess realized and expected economic conditions relative to its maximum employment objective and its symmetric 2 percent inflation objective. This assessment will take into account a wide range of information, including measures of labor market conditions, indicators of inflation pressures and inflation expectations, and readings on financial and international developments.


Federal Reserve | Joana Taborda | joana.taborda@tradingeconomics.com
8/1/2018 6:08:35 PM



Calendar GMT Actual Previous Consensus TEForecast
2018-05-02 06:00 PM Fed Interest Rate Decision 1.75% 1.75% 1.75% 1.75%
2018-06-13 06:00 PM Fed Interest Rate Decision 2% 1.75% 2% 2%
2018-08-01 06:00 PM Fed Interest Rate Decision 2% 2% 2% 2%
2018-08-22 06:00 PM FOMC Minutes
2018-08-24 02:00 PM Jackson Hole Economic Policy Symposium
2018-09-26 06:00 PM Fed Interest Rate Decision 2% 2.25%


United States Money Last Previous Highest Lowest Unit
Interest Rate 2.00 2.00 20.00 0.25 percent [+]
Interbank Rate 2.31 2.32 10.63 0.22 percent [+]
Money Supply M0 3618339.00 3650554.00 4075024.00 48362.00 USD Million [+]
Money Supply M1 3667.70 3658.00 3667.70 138.90 USD Billion [+]
Money Supply M2 14147.30 14112.30 14147.30 286.60 USD Billion [+]
Foreign Exchange Reserves 125099.00 122844.00 153075.00 12128.00 USD Million [+]
Central Bank Balance Sheet 4259935.00 4272520.00 4473864.00 672444.00 USD Million [+]
Banks Balance Sheet 16739100.00 16716900.00 16851570.00 697581.70 USD Million [+]
Loans to Private Sector 2226.87 2209.53 2226.87 13.65 USD Billion [+]
Foreign Bond Investment -48573.00 26699.00 118012.00 -74329.00 USD Million [+]
Private Debt to GDP 202.80 202.00 213.50 155.70 percent [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on August of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.00 2.00 20.00 0.25 1971 - 2018 percent Daily




interest rate by Country
Country Last
Turkey 17.75 Jul/18
Mexico 7.75 Aug/18
Russia 7.25 Jul/18
Brazil 6.50 Aug/18
India 6.50 Aug/18
Indonesia 5.50 Aug/18
China 4.35 Jul/18
United States 2.00 Aug/18
Australia 1.50 Aug/18
Canada 1.50 Jul/18
South Korea 1.50 Jul/18
United Kingdom 0.75 Aug/18
Euro Area 0.00 Jul/18
France 0.00 Jul/18
Germany 0.00 Jul/18
Italy 0.00 Jul/18
Netherlands 0.00 Jul/18
Spain 0.00 Jul/18
Japan -0.10 Jul/18
Switzerland -0.75 Jul/18


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