The benchmark interest rate in the United States was last recorded at 4 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.

The 'Fed Interest Rate Decision' is an economic event where the Federal Reserve announces changes to the federal funds rate, which is the interest rate at which banks lend to each other overnight.

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

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

View all news and events from the Federal Reserve Bank of Cleveland.

The 'Fed Interest Rate Decision' is an economic event where the Federal Reserve announces changes to the federal funds rate, which is the interest rate at which banks lend to each other overnight.-2025-07-30

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 until September 2025, when another cut set the rate at 4.22 percent. In October 2025, the rate was further reduced to 4.09 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.

The 'Fed Interest Rate Decision' is an economic event where the Federal Reserve announces changes to the federal funds rate, which is the interest rate at which banks lend to each other overnight.-2025-09-17

Beth M. Hammack—President and Chief Executive Officer-Federal Reserve Bank of Cleveland- Columbia University School of International and Public Affairs and The Bank Policy Institute, 9th Annual SIPA/BPI Bank Regulation Research Conference, New York, New York, February 27, 2025, 1:15 PM EST

The 'Fed Interest Rate Decision' is an economic event where the Federal Reserve announces changes to the federal funds rate, which is the interest rate at which banks lend to each other overnight.-2025-03-19

Chicago Fed National Activity Index in the United States increased to -0.12 points in August from -0.28 points in July 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.

Catch up on the latest news from the Federal Reserve Bank of Cleveland.

Philly Fed New Orders in the United States decreased to -8.60 points in November from 18.20 points in October of 2025. This dataset includes a chart with historical data for the United States Philly Fed New Orders.

Beth M. Hammack—President and Chief Executive Officer—Federal Reserve Bank of Cleveland—The Economic Club of New York—New York, New York

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.

View data of the Effective Federal Funds Rate, or the interest rate depository institutions charge each other for overnight loans of funds.

Inflation Nowcasting Monthly Year-Over-Year is a part of the Inflation Nowcasting indicator of the Federal Reserve Bank of Cleveland.

Philadelphia Fed Manufacturing Index in the United States increased to -1.70 points in November from -12.80 points in October of 2025. This dataset provides the latest reported value for - United States Philadelphia Fed Manufacturing Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

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.

View monthly updates and historical trends for NY Fed Business Leaders Survey Current Business Activity. from United States. Source: Federal Reserve Bank …