The economy is a long way from Fed's employment and inflation goals, and it is likely to take some time for substantial further progress to be achieved, Fed Chair Powell said in prepared remarks for his Semiannual Monetary Policy Report to the Congress. Although the number of new Covid-19 cases and hospitalizations has been falling, and ongoing vaccinations offer hope for a return to more normal conditions later this year, the economic recovery remains uneven and far from complete, and the path ahead is highly uncertain, he added. The Fed remains committed to using its full range of tools to support the economy and to help ensure that the recovery from this difficult period will be as robust as possible. Powell added that the inflation rate is on track to moderately exceed 2% for some time but nothing was said regarding the recent rise in Treasury yields. source: Federal Reserve
Interest Rate in the United States averaged 5.55 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 March 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. 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 2022, according to our econometric models.