During a Senate Banking Committee hearing in Washington on Tuesday, Federal Reserve Chair Powell admitted that it is appropriate to consider normalizing ultra-accommodative monetary policy at the upcoming meeting, given that the economy is very strong and inflationary pressures are higher. The Chair also said that it’s time to stop using the word “transitory” to describe inflation and that the recent emergence of the omicron variant poses “downside risks to employment and economic activity and increased uncertainty for inflation". The Fed decided on November 3rd to begin reducing the monthly pace of its net asset purchases by $10 billion for Treasury securities and $5 billion for agency mortgage-backed securities completing the process in mid-2022. The next policy meeting is set for December 14-15th. source: Federal Reserve
Interest Rate in the United States averaged 5.48 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 November 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 0.75 percent in 2022 and 1.00 percent in 2023, according to our econometric models.