Graph and download economic data for FOMC Summary of Economic Projections for the Fed Funds Rate, Central Tendency, High (FEDTARCTH) from 2025 to 2028 about projection, federal, rate, and USA.

United States - FOMC Summary of Economic Projections for the Fed Funds Rate, Median was 3.10% in January of 2028, according to the United States Federal Reserve. Historically, United States - FOMC Summary of Economic Projections for the Fed Funds Rate, Median reached a record high of 5.40 in January of 2023 and a record low of 0.10 in January of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - FOMC Summary of Economic Projections for the Fed Funds Rate, Median - last updated from the United States Federal Reserve on October of 2025.

The benchmark interest rate in the United States was last recorded at 4.25 percent. This dataset 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.

This dataset contains the text from Federal Reserve FOMC (Federal Open Market Committee) meeting minutes and statements, collected by scraping the Federal Reserve's website. The data spans a specific period of time, providing insights into the central bank's monetary policy decisions and discussions.

Content

The dataset consists of the following columns:

• Date: The date of the FOMC meeting or statement release in the format YYYYMMDD.
• Type: Indicator for the type of document. 0 represents a statement, while 1 represents meeting minutes.
• Text: The text content of each paragraph in the meeting minutes or statements.

Acknowledgements

The data is collected from the official Federal Reserve website (https://www.federalreserve.gov) using a custom Python scraper built with BeautifulSoup.

Inspiration

This dataset can be used for various purposes, such as:

1. Analyzing the sentiment and tone of FOMC meeting minutes and statements over time.
2. Identifying key phrases and words that indicate changes in monetary policy.
3. Developing natural language processing models to predict future policy decisions based on historical data.
4. Investigating the relationship between FOMC meeting minutes/statements and financial market reactions.

The U.S. federal funds effective rate underwent a dramatic reduction in early 2020 in response to the COVID-19 pandemic. The rate plummeted from 1.58 percent in February 2020 to 0.65 percent in March, and further decreased to 0.05 percent in April. This sharp reduction, accompanied by the Federal Reserve's quantitative easing program, was implemented to stabilize the economy during the global health crisis. After maintaining historically low rates for nearly two years, the Federal Reserve began a series of rate hikes in early 2022, with the rate moving from 0.33 percent in April 2022 to 5.33 percent in August 2023. The rate remained unchanged for over a year, before the Federal Reserve initiated its first rate cut in nearly three years in September 2024, bringing the rate to 5.13 percent. By December 2024, the rate was cut to 4.48 percent, signaling a shift in monetary policy in the second half of 2024. In January 2025, the Federal Reserve implemented another cut, setting the rate at 4.33 percent, which remained unchanged throughout the following months. What is the federal funds effective rate? The U.S. federal funds effective rate determines the interest rate paid by depository institutions, such as banks and credit unions, that lend reserve balances to other depository institutions overnight. Changing the effective rate in times of crisis is a common way to stimulate the economy, as it has a significant impact on the whole economy, such as economic growth, employment, and inflation. Central bank policy rates The adjustment of interest rates in response to the COVID-19 pandemic was a coordinated global effort. In early 2020, central banks worldwide implemented aggressive monetary easing policies to combat the economic crisis. The U.S. Federal Reserve's dramatic reduction of its federal funds rate - from 1.58 percent in February 2020 to 0.05 percent by April - mirrored similar actions taken by central banks globally. While these low rates remained in place throughout 2021, mounting inflationary pressures led to a synchronized tightening cycle beginning in 2022, with central banks pushing rates to multi-year highs. By mid-2024, as inflation moderated across major economies, central banks began implementing their first rate cuts in several years, with the U.S. Federal Reserve, Bank of England, and European Central Bank all easing monetary policy.

United States - FOMC Summary of Economic Projections for the Fed Funds Rate, Central Tendency, Low was 2.90% in January of 2027, according to the United States Federal Reserve. Historically, United States - FOMC Summary of Economic Projections for the Fed Funds Rate, Central Tendency, Low reached a record high of 5.40 in January of 2023 and a record low of 0.10 in January of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - FOMC Summary of Economic Projections for the Fed Funds Rate, Central Tendency, Low - last updated from the United States Federal Reserve on September of 2025.

United States - FOMC Summary of Economic Projections for the Growth Rate of Real Gross Domestic Product, Range, Midpoint was 2.10000 Fourth Qtr. to Fourth Qtr. % Chg. in January of 2028, according to the United States Federal Reserve. Historically, United States - FOMC Summary of Economic Projections for the Growth Rate of Real Gross Domestic Product, Range, Midpoint reached a record high of 5.55000 in January of 2021 and a record low of -2.15000 in January of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - FOMC Summary of Economic Projections for the Growth Rate of Real Gross Domestic Product, Range, Midpoint - last updated from the United States Federal Reserve on October of 2025.

United States - FOMC Summary of Economic Projections for the Fed Funds Rate, Central Tendency, Midpoint was 3.20% in January of 2028, according to the United States Federal Reserve. Historically, United States - FOMC Summary of Economic Projections for the Fed Funds Rate, Central Tendency, Midpoint reached a record high of 5.40 in January of 2023 and a record low of 0.10 in January of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - FOMC Summary of Economic Projections for the Fed Funds Rate, Central Tendency, Midpoint - last updated from the United States Federal Reserve on October of 2025.

Asian markets and U.S. futures decline as Trump's comments on the Fed heighten market anxiety, boosting gold prices to new highs.

The U.S. federal funds rate peaked in 2023 at its highest level since the 2007-08 financial crisis, reaching 5.33 percent by December 2023. A significant shift in monetary policy occurred in the second half of 2024, with the Federal Reserve implementing regular rate cuts. By December 2024, the rate had declined to 4.48 percent. What is a central bank rate? The federal funds rate determines the cost of overnight borrowing between banks, allowing them to maintain necessary cash reserves and ensure financial system liquidity. When this rate rises, banks become more inclined to hold rather than lend money, reducing the money supply. While this decreased lending slows economic activity, it helps control inflation by limiting the circulation of money in the economy. Historic perspective The federal funds rate historically follows cyclical patterns, falling during recessions and gradually rising during economic recoveries. Some central banks, notably the European Central Bank, went beyond traditional monetary policy by implementing both aggressive asset purchases and negative interest rates.

United States - Longer Run FOMC Summary of Economic Projections for the Fed Funds Rate, Range, High was 3.90% in March of 2025, according to the United States Federal Reserve. Historically, United States - Longer Run FOMC Summary of Economic Projections for the Fed Funds Rate, Range, High reached a record high of 4.30 in June of 2015 and a record low of 3.00 in December of 2017. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Longer Run FOMC Summary of Economic Projections for the Fed Funds Rate, Range, High - last updated from the United States Federal Reserve on September of 2025.

Graph and download economic data for Longer Run FOMC Summary of Economic Projections for the Fed Funds Rate, Median (FEDTARMDLR) from 2012-01-25 to 2025-09-17 about projection, federal, median, rate, and USA.

The Survey of Consumer Finances (SCF) is normally a triennial cross-sectional survey of U.S. families. The survey data include information on families' balance sheets, pensions, income, and demographic characteristics.

United States - Longer Run FOMC Summary of Economic Projections for the Fed Funds Rate, Range, Midpoint was 3.20% in March of 2025, according to the United States Federal Reserve. Historically, United States - Longer Run FOMC Summary of Economic Projections for the Fed Funds Rate, Range, Midpoint reached a record high of 3.80 in June of 2015 and a record low of 2.50 in June of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Longer Run FOMC Summary of Economic Projections for the Fed Funds Rate, Range, Midpoint - last updated from the United States Federal Reserve on September of 2025.

United States FOMC Projection: Unemployment Rate: Central Tendency: Y3: Upper End data was reported at 4.400 % in Dec 2024. This stayed constant from the previous number of 4.400 % for Sep 2024. United States FOMC Projection: Unemployment Rate: Central Tendency: Y3: Upper End data is updated quarterly, averaging 4.350 % from Sep 2015 (Median) to Dec 2024, with 20 observations. The data reached an all-time high of 5.000 % in Dec 2015 and a record low of 3.600 % in Sep 2021. United States FOMC Projection: Unemployment Rate: Central Tendency: Y3: Upper End data remains active status in CEIC and is reported by Federal Reserve Board. The data is categorized under Global Database’s United States – Table US.G041: Current Population Survey: Unemployment Rate: Projection: Federal Reserve Board.

United States FOMC Projection: Unemployment Rate: Median: Year 3 (Y3) data was reported at 4.300 % in Dec 2024. This records an increase from the previous number of 4.200 % for Sep 2024. United States FOMC Projection: Unemployment Rate: Median: Year 3 (Y3) data is updated quarterly, averaging 4.050 % from Sep 2015 (Median) to Dec 2024, with 20 observations. The data reached an all-time high of 4.800 % in Sep 2015 and a record low of 3.500 % in Dec 2021. United States FOMC Projection: Unemployment Rate: Median: Year 3 (Y3) data remains active status in CEIC and is reported by Federal Reserve Board. The data is categorized under Global Database’s United States – Table US.G041: Current Population Survey: Unemployment Rate: Projection: Federal Reserve Board.

The Federal Reserve Bank of Cleveland provides daily “nowcasts” of inflation for two popular price indexes, the price index for personal consumption expenditures (PCE) and the Consumer Price Index (CPI). These nowcasts give a sense of where inflation is today. Released each business day.

Inflation Nowcasting Quarterly is a part of the Inflation Nowcasting indicator of the Federal Reserve Bank of Cleveland.

United States FOMC Projection: Federal Funds Rate: Central Tendency: Y3: Upper End data was reported at 3.600 % in Dec 2024. This stayed constant from the previous number of 3.600 % for Sep 2024. United States FOMC Projection: Federal Funds Rate: Central Tendency: Y3: Upper End data is updated quarterly, averaging 3.200 % from Sep 2015 (Median) to Dec 2024, with 20 observations. The data reached an all-time high of 4.100 % in Sep 2023 and a record low of 0.400 % in Dec 2020. United States FOMC Projection: Federal Funds Rate: Central Tendency: Y3: Upper End data remains active status in CEIC and is reported by Federal Reserve Board. The data is categorized under Global Database’s United States – Table US.M005: Federal Funds Rates: Summary of Economic Projections: Federal Reserve Board.

United States - FOMC Summary of Economic Projections for the Fed Funds Rate, Central Tendency, High was 3.60% in January of 2027, according to the United States Federal Reserve. Historically, United States - FOMC Summary of Economic Projections for the Fed Funds Rate, Central Tendency, High reached a record high of 5.40 in January of 2023 and a record low of 0.10 in January of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - FOMC Summary of Economic Projections for the Fed Funds Rate, Central Tendency, High - last updated from the United States Federal Reserve on September of 2025.