United States Fed Funds Rate
The Federal Reserve is expected to raise the target range for the fed funds rate for a third straight time in June, with investors increasingly betting on a 75bps hike instead of 50bps initially expected, after the inflation rate unexpectedly accelerated last month to 41-year highs. The central bank will also deliver new economic and interest rate forecasts and both the so-called dot plot of rate projections and Fed Chair press conference later on will be scrutinised for any clues whether the central bank will raise rates more aggressively. In March, policymakers estimated their policy rate would end 2022 around 1.9%. Interest Rate in the United States averaged 5.44 percent from 1971 until 2022, reaching an all time high of 20 percent in March of 1980 and a record low of 0.25 percent in December of 2008. 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.