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.