The Federal Reserve raised the target range for the federal funds rate by 25bps to 2.25-2.5 percent during its December meeting and lowered forecasts for interest rate hikes in 2019 amid recent volatility in financial markets and slowing global growth. It is the fourth hike this year on the back of solid economic growth and strong labor market and despite heavy criticism from President Donald Trump. Interest Rate in the United States averaged 5.69 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 2.75 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
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Calendar GMT Actual Previous Consensus TEForecast
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 2.5% 2.25% 2.5% 2.5%
2019-01-30 07:00 PM Fed Interest Rate Decision 2.5% 2.5%
2019-03-20 06:00 PM FOMC Economic Projections
2019-03-20 06:00 PM Fed Interest Rate Decision 2.5%


United States Money Last Previous Highest Lowest Unit
Interest Rate 2.50 2.25 20.00 0.25 percent [+]
Money Supply M0 3400839.00 3476418.00 4075024.00 48362.00 USD Million [+]
Money Supply M1 3780.90 3716.30 3780.90 138.90 USD Billion [+]
Interbank Rate 2.78 2.78 10.63 0.22 percent [+]
Money Supply M2 14454.90 14317.60 14454.90 286.60 USD Billion [+]
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 [+]
Foreign Exchange Reserves 123503.00 123572.00 153075.00 12128.00 USD Million [+]
Loans to Private Sector 2316.85 2276.93 2316.85 13.65 USD Billion [+]
Foreign Bond Investment 1720.00 -11539.00 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 January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2.50 2.25 20.00 0.25 1971 - 2018 percent Daily




Country Last Previous
Argentina 57.32 Jan/19
Turkey 24.00 Jan/19
Mexico 8.25 Dec/18
Russia 7.75 Dec/18
South Africa 6.75 Dec/18
Brazil 6.50 Dec/18
India 6.50 Dec/18
Indonesia 6.00 Jan/19
China 4.35 Dec/18
Saudi Arabia 3.00 Dec/18
United States 2.50 Dec/18
Singapore 1.76 Dec/18
Canada 1.75 Jan/19
South Korea 1.75 Dec/18
Australia 1.50 Dec/18
United Kingdom 0.75 Dec/18
Euro Area 0.00 Dec/18
France 0.00 Dec/18
Germany 0.00 Dec/18
Italy 0.00 Dec/18
Netherlands 0.00 Dec/18
Spain 0.00 Dec/18
Japan -0.10 Dec/18
Switzerland -0.75 Dec/18


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