The Federal Reserve left the target range for its federal funds rate unchanged at 0-0.25% during its first 2021 meeting, in line with forecasts. The QE program was also maintained at $80 billion of Treasuries and $40 billion of Mortgage-Backed Securities. Policymakers noted the pace of the recovery in economic activity and employment has moderated in recent months and that the path of the economy will depend significantly on the course of the virus, including progress on vaccinations. The central bank reiterated it is committed to using its full range of tools to support the US economy in this challenging time. source: Federal Reserve
Interest Rate in the United States averaged 5.55 percent from 1971 until 2020, reaching an all time high of 20 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 February of 2021.
Interest Rate in the United States is expected to be 0.25 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 0.25 in 12 months time. In the long-term, the United States Fed Funds Rate is projected to trend around 0.25 percent in 2022, according to our econometric models.