The Federal Reserve kept the target range for the federal funds rate at 2 percent to 2.25 percent during its November 2018 meeting, saying that the labor market has continued to strengthen and that economic activity has been rising at a strong rate while inflation remains near its 2 percent target. The Fed also reaffirmed its plans to continue raising rates gradually, suggesting a rate hike at its next meeting in December is likely. Interest Rate in the United States averaged 5.70 percent from 1971 until 2018, 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 2.50 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 3.00 in 12 months time. In the long-term, the United States Fed Funds Rate is projected to trend around 3.50 percent in 2020, according to our econometric models.

United States Fed Funds Rate
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2018-06-13 06:00 PM Fed Interest Rate Decision 2% 1.75% 2% 2%
2018-08-01 06:00 PM Fed Interest Rate Decision 2% 2% 2% 2%
2018-09-26 06:00 PM Fed Interest Rate Decision 2.25% 2% 2.25% 2.25%
2018-11-08 07:00 PM Fed Interest Rate Decision 2.25% 2.25% 2.25% 2.25%
2018-12-19 07:00 PM Fed Interest Rate Decision 2.25% 2.5%
2018-12-19 07:00 PM FOMC Economic Projections
2018-12-19 07:30 PM Fed Press Conference


United States Money Last Previous Highest Lowest Unit
Interest Rate 2.25 2.25 20.00 0.25 percent [+]
Interbank Rate 2.78 2.77 10.63 0.22 percent [+]
Money Supply M0 3476418.00 3520960.00 4075024.00 48362.00 USD Million [+]
Money Supply M1 3738.40 3731.10 3738.40 138.90 USD Billion [+]
Money Supply M2 14271.50 14253.70 14271.50 286.60 USD Billion [+]
Foreign Exchange Reserves 123572.00 123729.00 153075.00 12128.00 USD Million [+]
Central Bank Balance Sheet 4102109.00 4121289.00 4473864.00 672444.00 USD Million [+]
Banks Balance Sheet 16821077.00 16821077.00 16853914.00 697581.70 USD Million [+]
Loans to Private Sector 2236.67 2219.67 2236.67 13.65 USD Billion [+]
Foreign Bond Investment -11539.00 63131.00 118012.00 -74329.00 USD Million [+]
Private Debt to GDP 202.80 202.00 213.50 155.70 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.25 2.25 20.00 0.25 1971 - 2018 percent Daily




Country Last Previous
Argentina 59.23 Dec/18
Turkey 24.00 Nov/18
Mexico 8.00 Nov/18
Russia 7.50 Nov/18
South Africa 6.75 Nov/18
Brazil 6.50 Nov/18
India 6.50 Dec/18
Indonesia 6.00 Nov/18
China 4.35 Oct/18
Saudi Arabia 2.75 Nov/18
United States 2.25 Nov/18
Singapore 1.97 Nov/18
Canada 1.75 Dec/18
South Korea 1.75 Nov/18
Australia 1.50 Dec/18
United Kingdom 0.75 Nov/18
Euro Area 0.00 Nov/18
France 0.00 Nov/18
Germany 0.00 Nov/18
Italy 0.00 Nov/18
Netherlands 0.00 Nov/18
Spain 0.00 Nov/18
Japan -0.10 Nov/18
Switzerland -0.75 Nov/18


Related

Latest