Search results
Results from the WOW.Com Content Network
After an eight-month recession beginning in August 1990, Greenspan and Co. managed to take the fed funds rate all the way up to a target level of 6.5 percent in May 2000, the highest of the period.
The CME FedWatch Tool, which measures market expectations for Fed fund rate changes, projects a 98.6% chance the Fed will cut rates by a quarter percentage point to a range of 4.25% to 4.50% at ...
Despite the Fed's September cut, mortgage rates have increased over the last month, with the average interest rate on a 30-year fixed-rate loan sitting at about 6.72%, according to Freddie Mac ...
This helps further ensure a floor to the federal funds rate. [8] Discount rate is the interest rate at which the Fed loans out its funds to eligible institutions via the discount window. This makes it unlikely for banks or other institutions to make loans at higher rates, therefore effectively setting a ceiling to the federal funds rate. [8]
The probabilities — based on market activity in the 30-Day Fed Funds futures contracts — kept growing last week for a deeper cut of a half point, which would drop the short-term federal funds ...
The FOMC left rates unchanged the day after the Bankruptcy of Lehman Brothers. Official Statement: August 5, 2008 2.00% 2.25% 10–1 The Federal Open Market Committee decided today to keep its target for the federal funds rate at 2 percent. Official statement: April 30, 2008 2.00% 2.25% 8–2 The FOMC cut rates by 25 basis points.
Find out how history affects today's rates and what it means for you. ... Later that month, the Fed reduced the federal funds rate by 0.25%. An additional reduction in October helped the U.S ...
The CME FedWatch Tool, which measures market expectations for Fed fund rate changes, projects a more than 90% chance the Fed will cut rates by a quarter percentage point to a range of 4.50% to 4. ...