Federal Reserve officials were committed to using a full range of tools to support the US economy endure the coronavirus-driven slump, while the Fed should strengthen the guidance it provides to markets, minutes from the June 9-10 meeting showed. Regarding the yield curve control, policymakers noted that it would be useful for the staff to conduct further analysis of the design and implementation of YCT policies as well as of their likely economic and financial effects. The Federal Reserve left the target range for its federal funds rate unchanged at 0-0.25 percent on June 10th 2020 as expected, saying the US economic recovery from the coronavirus pandemic is set to be challenging and there will take time and work.

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 July 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.

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United States Fed Funds Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.25 0.25 20.00 0.25 1971 - 2020 percent Daily


Calendar GMT Actual Previous Consensus TEForecast
2020-03-03 03:00 PM Fed Interest Rate Decision 1.25% 1.75%
2020-03-15 09:00 PM Fed Interest Rate Decision 0.25% 1.25%
2020-04-29 06:00 PM Fed Interest Rate Decision 0.25% 0.25% 0.25% 0.25%
2020-06-10 06:00 PM Fed Interest Rate Decision 0.25% 0.25% 0.25% 0.25%
2020-07-07 01:00 PM Fed Bostic Speech
2020-07-07 05:00 PM Fed Quarles Speech
2020-07-07 06:00 PM Fed Barkin Speech
2020-07-07 06:00 PM Fed Daly Speech


News Stream
FOMC Minutes Show Fed Stronger Guidance
Federal Reserve officials were committed to using a full range of tools to support the US economy endure the coronavirus-driven slump, while the Fed should strengthen the guidance it provides to markets, minutes from the June 9-10 meeting showed. Regarding the yield curve control, policymakers noted that it would be useful for the staff to conduct further analysis of the design and implementation of YCT policies as well as of their likely economic and financial effects. The Federal Reserve left the target range for its federal funds rate unchanged at 0-0.25 percent on June 10th 2020 as expected, saying the US economic recovery from the coronavirus pandemic is set to be challenging and there will take time and work.
2020-07-01
Powell Warns of Economic Uncertainty
Federal Reserve Chairman Jerome Powell said in remarks prepared for a Congressional hearing on June 30th that the US economy faces “extraordinary uncertainty”, particularly in light of ongoing attempts to contain the spread of Covid-19. Powell also noted that the central bank's Main Street lending facility may prove helpful for firms hit by the coronavirus crisis. The Federal Reserve left the target range for its federal funds rate unchanged at 0-0.25 percent on June 10th 2020 as expected, saying the US economic recovery from the coronavirus pandemic is set to be challenging and there will take time and work.
2020-06-29
Fed Limits Big Banks Dividend
The Federal Reserve set new limitations on big bank dividend payments and bar share repurchases until at least the fourth quarter of 2020 following its annual stress test. Many banks could get painfully close to minimum capital levels due to severe economic slowdown from the coronavirus pandemic. The Federal Reserve left the target range for its federal funds rate unchanged at 0-0.25 percent on June 10th 2020 as expected, saying the US economic recovery from the coronavirus pandemic is set to be challenging and there will take time and work.
2020-06-25
Powell Sees Challenging Path Ahead for US Economy
The US economic recovery from the coronavirus pandemic is set to be challenging and there will take time and work, Fed Chairman Jerome Powell said during a video conference hosted by the Federal Reserve Bank of Cleveland on June 19th. Powell added that the cruelty of pandemic has been outsized effects of many areas that were already suffering and it has exposed a range of inequalities. The Federal Reserve left the target range for its federal funds rate unchanged at 0-0.25 percent on June 10th 2020 as expected.
2020-06-19

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.