United States Fed Funds Rate – 2022 Data

Fed policymakers judged that the Fed needed to move to and then maintain, a more restrictive policy stance in order to promote maximum employment and price stability, minutes from the September FOMC meeting showed. Also, officials agreed that hiking rates faster now would “prevent the far greater economic pain associated with entrenched high inflation, including the even tighter policy and more severe restraint on economic activity that would then be needed to restore price stability”. At the same time, it was noted that it would be important to calibrate the pace of further tightening to mitigate the risks and once the policy rate reaches a sufficiently restrictive level, it would be appropriate to maintain that level for some time. The Fed raised the federal funds rate by 75 bps to the 3%-3.25% range during its September meeting, the third straight three-quarter point increase, pushing borrowing costs to the highest since 2008. source: Federal Reserve

Interest Rate in the United States averaged 5.43 percent from 1971 until 2022, reaching an all time high of 20.00 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 October of 2022.

Interest Rate in the United States is expected to be 4.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Fed Funds Rate is projected to trend around 4.75 percent in 2023 and 4.00 percent in 2024, according to our econometric models.

Source