The benchmark interest rate in the United States was last recorded at 4.50 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.

Graph and download economic data for Current New Orders; Diffusion Index for Federal Reserve District 3: Philadelphia (NOBNDIF066MSFRBPHI) from Mar 2011 to Mar 2025 about FRB PHI District, diffusion, new orders, orders, new, services, indexes, and USA.

Historical dataset of the daily level of the federal funds rate back to 1954. The fed funds rate is the interest rate at which depository institutions (banks and credit unions) lend reserve balances to other depository institutions overnight, on an uncollateralized basis. The Federal Open Market Committee (FOMC) meets eight times a year to determine the federal funds target rate.

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. The first rate cut in 2025 then set the rate at 4.33 percent. 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 Diffusion Index: sa: Kansas Fed: Current New Orders for Exports data was reported at 6.000 NA in Nov 2018. This records an increase from the previous number of 3.000 NA for Oct 2018. United States Diffusion Index: sa: Kansas Fed: Current New Orders for Exports data is updated monthly, averaging 2.000 NA from Jul 2001 (Median) to Nov 2018, with 209 observations. The data reached an all-time high of 18.000 NA in May 2008 and a record low of -16.000 NA in Mar 2009. United States Diffusion Index: sa: Kansas Fed: Current New Orders for Exports data remains active status in CEIC and is reported by Federal Reserve Bank of Kansas City. The data is categorized under Global Database’s United States – Table US.S014: Tenth District Manufacturing Survey.

Among the 12 Federal Reserve Banks of the Federal Reserve System in the United States, the Federal Reserve Bank of New York held by far the highest value of assets in 2023. With approximately 4.3 trillion U.S. dollars on its balance sheet, the Federal Reserve Bank of New York held over 50 percent of the Fed's total assets. It was followed by the Federal Reserve Bank of San Francisco.

Philly Fed New Orders in the United States decreased to 8.70 points in March from 21.90 points in February of 2025. This dataset includes a chart with historical data for the United States Philly Fed New Orders.

Chicago Fed National Activity Index in the United States increased to 0.18 points in February from -0.08 points in January of 2025. This dataset provides the latest reported value for - United States Chicago Fed National Activity Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Graph and download economic data for Current Average Employee Workweek; Diffusion Index for New York (AWCDINA066MNFRBNY) from Jul 2001 to Mar 2025 about diffusion, NY, manufacturing, employment, and indexes.

Kansas Fed New Orders Index in the United States decreased to -7 points in February from -6 points in January of 2025. This dataset includes a chart with historical data for the United States Kansas Fed New Orders Index.

Graph and download economic data for FOMC Summary of Economic Projections for the Fed Funds Rate, Median (FEDTARMD) from 2025 to 2027 about projection, federal, median, rate, and USA.

The purpose of the data is to investigate whether and how financial markets have responded to the change in the Federal Open Market Commission (FOMC) disclosure policy, specifically, whether the policy of immediate disclosure has created an announcement effect and whether the policy of immediate disclosure has increased or reduced financial market uncertainty.

Current New Orders; Diffusion for New York was -14.90000 Index in March of 2025, according to the United States Federal Reserve. Historically, Current New Orders; Diffusion for New York reached a record high of 42.00000 in May of 2004 and a record low of -69.10000 in April of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for Current New Orders; Diffusion for New York - last updated from the United States Federal Reserve on March of 2025.

This bar chart displays news by publication date using the aggregation count and is filtered where the news title includes Federal Reserve.

Current New Orders; Percent of Respondents Reporting No Change for Federal Reserve District 3: Philadelphia was 25.40% in March of 2022, according to the United States Federal Reserve. Historically, Current New Orders; Percent of Respondents Reporting No Change for Federal Reserve District 3: Philadelphia reached a record high of 37.20 in August of 2013 and a record low of 2.80 in September of 2013. Trading Economics provides the current actual value, an historical data chart and related indicators for Current New Orders; Percent of Respondents Reporting No Change for Federal Reserve District 3: Philadelphia - last updated from the United States Federal Reserve on March of 2025.

Graph and download economic data for Current Employment; Diffusion Index for FRB - New York District (EMCDINA066MNFRBNY) from Sep 2004 to Mar 2025 about diffusion, services, employment, and indexes.

Current Average Employee Workweek; Diffusion for New York was -2.50000 Index in March of 2025, according to the United States Federal Reserve. Historically, Current Average Employee Workweek; Diffusion for New York reached a record high of 33.50000 in April of 2004 and a record low of -63.20000 in April of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for Current Average Employee Workweek; Diffusion for New York - last updated from the United States Federal Reserve on March of 2025.

All Employees: Government: Federal Government in New York was 113.30000 Thous. of Persons in March of 2022, according to the United States Federal Reserve. Historically, All Employees: Government: Federal Government in New York reached a record high of 186.70000 in May of 1990 and a record low of 112.40000 in October of 2021. Trading Economics provides the current actual value, an historical data chart and related indicators for All Employees: Government: Federal Government in New York - last updated from the United States Federal Reserve on March of 2025.

Current Business Activity; Diffusion for FRB - New York District was 24.20000 Index in April of 2022, according to the United States Federal Reserve. Historically, Current Business Activity; Diffusion for FRB - New York District reached a record high of 43.20000 in June of 2021 and a record low of -76.50000 in April of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for Current Business Activity; Diffusion for FRB - New York District - last updated from the United States Federal Reserve on March of 2025.

Policy interest rates in the U.S. and Europe are forecasted to decrease gradually between 2024 and 2027, following exceptional increases triggered by soaring inflation between 2021 and 2023. The U.S. federal funds rate stood at 5.38 percent at the end of 2023, the European Central Bank deposit rate at four percent, and the Swiss National Bank policy rate at 1.75 percent. With inflationary pressures stabilizing, policy interest rates are forecast to decrease in each observed region. The U.S. federal funds rate is expected to decrease to 3.5 percent, the ECB refi rate to 2.65 percent, the Bank of England bank rate to 3.33 percent, and the Swiss National Bank policy rate to 0.75 percent by 2025. An interesting aspect to note is the impact of these interest rate changes on various economic factors such as growth, employment, and inflation. The impact of central bank policy rates The U.S. federal funds effective rate, crucial in determining the interest rate paid by depository institutions, experienced drastic changes in response to the COVID-19 pandemic. The subsequent slight changes in the effective rate reflected the efforts to stimulate the economy and manage economic factors such as inflation. Such fluctuations in the federal funds rate have had a significant impact on the overall economy. The European Central Bank's decision to cut its fixed interest rate in June 2024 for the first time since 2016 marked a significant shift in attitude towards economic conditions. The reasons behind the fluctuations in the ECB's interest rate reflect its mandate to ensure price stability and manage inflation, shedding light on the complex interplay between interest rates and economic factors. Inflation and real interest rates The relationship between inflation and interest rates is critical in understanding the actions of central banks. Central banks' efforts to manage inflation through interest rate adjustments reveal the intricate balance between economic growth and inflation. Additionally, the concept of real interest rates, adjusted for inflation, provides valuable insights into the impact of inflation on the economy.