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The target rate remained at 5.25% for over a year, until the Federal Reserve began lowering rates in September 2007. The last cycle of easing monetary policy through the rate was conducted from September 2007 to December 2008 as the target rate fell from 5.25% to a range of 0.00–0.25%.
Year-on-year inflation bottomed at 5% in December 1976 before moving higher once again. Paul Volcker was chosen as Fed Chairman in 1979 in order to deal with the challenge of high inflation. In a rare Saturday press conference on October 6, 1979, [6] Paul Volcker's federal reserve increased the Fed Funds rate from 11% to 12%. [7]
The Greenbook of the Federal Reserve Board of Governors (called the Greenbook for short) is a book with projections of various economic indicators for the economy of the United States produced by the Federal Reserve Board before each meeting of the Federal Open Market Committee. [1]
What is the Federal Reserve, and what does it do? ... Source: Fed’s board of governors. Rate cuts 2019-2020. Meeting date. Rate change. Target range. July 30-31, 2019-25 basis points.
See Interest Rates Over the Last 100 Years. Find out how history affects today's rates and what it means for you.
Lowest average rate. 4.13% (2019) ... about 8 percent at the start of the decade down to 5.4 percent by 2009. At this time, the Federal Reserve implemented quantitative ... rate predictions.
However, since 2008 the actual conduct of monetary policy implementation has changed considerably, using instead various administered interest rates (i.e., interest rates that are set directly by the Fed rather than being determined by the market forces of supply and demand [9]) as the primary tools to steer short-term market interest rate ...
The Federal Reserve just lowered its benchmark rate by 0.50 percentage points. ... points — the Fed's standard reduction — while others forecast a jumbo cut of 0.50 percentage points ...