The Fed left the target range for its federal funds rate unchanged at 0-0.25% and bond-buying at the current $120 billion monthly pace during the July 2021 meeting. But the central bank offered some hints that asset purchases could start being reduced soon in spite of the threat to growth from delta variant of the coronavirus. Officials said the economy has made progress toward employment and inflation goals, and that the Committee will continue to assess progress in coming meetings. source: Federal Reserve
Interest Rate in the United States averaged 5.50 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. 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 2021.
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. In the long-term, the United States Fed Funds Rate is projected to trend around 0.25 percent in 2022 and 0.75 percent in 2023, according to our econometric models.