The Federal Reserve lowered the target range for the federal funds rate to 2-2.25 percent during its July meeting, the first rate cut since the financial crisis, as inflation remains subdued amid heightened concerns about the economic outlook and ongoing trade tensions with China. Interest Rate in the United States averaged 5.66 percent from 1971 until 2019, reaching an all time high of 20 percent in March of 1980 and a record low of 0.25 percent in December of 2008.

Interest Rate in the United States is expected to be 2.25 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 2.00 in 12 months time. In the long-term, the United States Fed Funds Rate is projected to trend around 2.50 percent in 2020, according to our econometric models.

United States Fed Funds Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-03-20 06:00 PM Fed Interest Rate Decision 2.5% 2.5% 2.5% 2.5%
2019-05-01 06:00 PM Fed Interest Rate Decision 2.5% 2.5% 2.5% 2.5%
2019-06-19 06:00 PM Fed Interest Rate Decision 2.5% 2.5% 2.5% 2.5%
2019-07-31 06:00 PM Fed Interest Rate Decision 2.25% 2.5% 2.25% 2.25%
2019-08-22 02:00 PM Jackson Hole Economic Policy Symposium
2019-08-23 02:00 PM Fed Chair Powell Speech
2019-08-23 02:00 PM Jackson Hole Economic Policy Symposium


United States Money Last Previous Highest Lowest Unit
Interest Rate 2.25 2.50 20.00 0.25 percent [+]
Money Supply M0 3260366.00 3274900.00 4075039.00 48362.00 USD Million [+]
Money Supply M1 3852.40 3831.70 3852.40 138.90 USD Billion [+]
Interbank Rate 2.15 2.15 10.63 0.22 percent [+]
Money Supply M2 14872.10 14755.10 14872.10 286.60 USD Billion [+]
Central Bank Balance Sheet 3744394.00 3741539.00 4473864.00 672444.00 USD Million [+]
Banks Balance Sheet 17524757.00 17353262.00 17524757.00 697581.70 USD Million [+]
Foreign Exchange Reserves 128338.00 126967.00 153075.00 12128.00 USD Million [+]
Loans to Private Sector 2356.33 2346.38 2356.33 13.65 USD Billion [+]
Foreign Bond Investment -7710.00 -32785.00 118012.00 -77351.00 USD Million [+]
Private Debt to GDP 196.70 201.80 212.90 156.20 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 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2.25 2.50 20.00 0.25 1971 - 2019 percent Daily




Country Last Previous
Argentina 74.98 Aug/19
Turkey 19.75 Jul/19
Mexico 8.00 Aug/19
Russia 7.25 Jul/19
South Africa 6.50 Aug/19
Brazil 6.00 Jul/19
Indonesia 5.50 Aug/19
India 5.40 Aug/19
China 4.25 Aug/19
Saudi Arabia 2.75 Aug/19
United States 2.25 Jul/19
Singapore 1.94 Jul/19
Canada 1.75 Aug/19
South Korea 1.50 Jul/19
Australia 1.00 Aug/19
United Kingdom 0.75 Aug/19
Euro Area 0.00 Jul/19
France 0.00 Jul/19
Germany 0.00 Jul/19
Italy 0.00 Jul/19
Netherlands 0.00 Jul/19
Spain 0.00 Jul/19
Japan -0.10 Aug/19
Switzerland -0.75 Aug/19


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