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 FOMC Summary of Economic Projections for the Fed Funds Rate, Range, Midpoint (FEDTARRM) from 2025 to 2027 about projection, federal, rate, and USA.

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.

Graph and download economic data for 10-Year Real Interest Rate (REAINTRATREARAT10Y) from Jan 1982 to Jun 2025 about 10-year, interest rate, interest, real, rate, and USA.

The benchmark interest rate in Taiwan was last recorded at 2 percent. This dataset provides the latest reported value for - Taiwan Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

United States CSI: Expected Inflation: Next Yr: Up by 1-2% data was reported at 29.000 % in May 2018. This stayed constant from the previous number of 29.000 % for Apr 2018. United States CSI: Expected Inflation: Next Yr: Up by 1-2% data is updated monthly, averaging 18.000 % from Jan 1978 (Median) to May 2018, with 485 observations. The data reached an all-time high of 34.000 % in Oct 2016 and a record low of 1.000 % in May 1980. United States CSI: Expected Inflation: Next Yr: Up by 1-2% data remains active status in CEIC and is reported by University of Michigan. The data is categorized under Global Database’s USA – Table US.H030: Consumer Sentiment Index: Unemployment, Interest Rates, Prices and Government Expectations. The questions were: 'During the next 12 months, do you think that prices in general will go up, or go down, or stay where they are now?' and 'By what percent do you expect prices to go up, on the average, during the next 12 months?'

FRBOP Forecast: Corp Bonds Yield: Moody's Aaa: Median: Plus 2 Qtrs data was reported at 4.300 % in Jun 2018. This records an increase from the previous number of 4.200 % for Mar 2018. FRBOP Forecast: Corp Bonds Yield: Moody's Aaa: Median: Plus 2 Qtrs data is updated quarterly, averaging 6.925 % from Sep 1981 (Median) to Jun 2018, with 148 observations. The data reached an all-time high of 15.000 % in Mar 1982 and a record low of 3.700 % in Sep 2012. FRBOP Forecast: Corp Bonds Yield: Moody's Aaa: Median: Plus 2 Qtrs data remains active status in CEIC and is reported by Federal Reserve Bank of Philadelphia. The data is categorized under Global Database’s USA – Table US.M006: Treasury Bills Rates: Forecast: Federal Reserve Bank of Philadelphia.

The benchmark interest rate In the Euro Area was last recorded at 2.15 percent. This dataset provides - Euro Area Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Federal Reserve Bank of Cleveland estimates the expected rate of inflation over the next 30 years along with the inflation risk premium, the real risk premium, and the real interest rate.

Their estimates are calculated with a model that uses Treasury yields, inflation data, inflation swaps, and survey-based measures of inflation expectations.

For more information, please visit the "https://www.clevelandfed.org/indicators-and-data/inflation-expectations#background">Federal Reserve Bank of Cleveland.

United States FRBOP Forecast: YS: 10Yr TBonds over 3Mo Tbills: Mean: Plus 2 Qtrs data was reported at 1.084 % in Jun 2018. This records a decrease from the previous number of 1.161 % for Mar 2018. United States FRBOP Forecast: YS: 10Yr TBonds over 3Mo Tbills: Mean: Plus 2 Qtrs data is updated quarterly, averaging 2.015 % from Mar 1992 (Median) to Jun 2018, with 106 observations. The data reached an all-time high of 3.532 % in Dec 1992 and a record low of -0.124 % in Dec 2000. United States FRBOP Forecast: YS: 10Yr TBonds over 3Mo Tbills: Mean: Plus 2 Qtrs data remains active status in CEIC and is reported by Federal Reserve Bank of Philadelphia. The data is categorized under Global Database’s USA – Table US.M006: Treasury Bills Rates: Forecast: Federal Reserve Bank of Philadelphia.

SCE: Distribution of 5 Year Ahead Expected Inflation Rate: 2% to 3% data was reported at 10.166 % in Apr 2025. This records a decrease from the previous number of 11.163 % for Mar 2025. SCE: Distribution of 5 Year Ahead Expected Inflation Rate: 2% to 3% data is updated monthly, averaging 11.317 % from Jan 2022 (Median) to Apr 2025, with 40 observations. The data reached an all-time high of 14.460 % in Jun 2023 and a record low of 7.899 % in May 2022. SCE: Distribution of 5 Year Ahead Expected Inflation Rate: 2% to 3% data remains active status in CEIC and is reported by Federal Reserve Bank of New York. The data is categorized under Global Database’s United States – Table US.H078: Survey of Consumer Expectations: Inflation.

The benchmark interest rate in Sweden was last recorded at 2 percent. This dataset provides the latest reported value for - Sweden Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

United States FRBOP Forecast: Treasury Bills Rate: 3 Months: Mean: Plus 2 Qtrs data was reported at 2.164 % in Jun 2018. This records an increase from the previous number of 1.842 % for Mar 2018. United States FRBOP Forecast: Treasury Bills Rate: 3 Months: Mean: Plus 2 Qtrs data is updated quarterly, averaging 4.484 % from Sep 1981 (Median) to Jun 2018, with 148 observations. The data reached an all-time high of 13.790 % in Sep 1981 and a record low of 0.075 % in Mar 2012. United States FRBOP Forecast: Treasury Bills Rate: 3 Months: Mean: Plus 2 Qtrs data remains active status in CEIC and is reported by Federal Reserve Bank of Philadelphia. The data is categorized under Global Database’s USA – Table US.M006: Treasury Bills Rates: Forecast: Federal Reserve Bank of Philadelphia.

The benchmark interest rate in Brazil was last recorded at 15 percent. This dataset provides - Brazil Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In May 2025, global inflation rates and central bank interest rates showed significant variation across major economies. Most economies initiated interest rate cuts from mid-2024 due to declining inflationary pressures. The U.S., UK, and EU central banks followed a consistent pattern of regular rate reductions throughout late 2024. In early 2025, Russia maintained the highest interest rate at 20 percent, while Japan retained the lowest at 0.5 percent. Varied inflation rates across major economies The inflation landscape varies considerably among major economies. China had the lowest inflation rate at -0.1 percent in May 2025. In contrast, Russia maintained a high inflation rate of 9.9 percent. These figures align with broader trends observed in early 2025, where China had the lowest inflation rate among major developed and emerging economies, while Russia's rate remained the highest. Central bank responses and economic indicators Central banks globally implemented aggressive rate hikes throughout 2022-23 to combat inflation. The European Central Bank exemplified this trend, raising rates from 0 percent in January 2022 to 4.5 percent by September 2023. A coordinated shift among major central banks began in mid-2024, with the ECB, Bank of England, and Federal Reserve initiating rate cuts, with forecasts suggesting further cuts through 2025 and 2026.

Graph and download economic data for 2-Year Expected Inflation (EXPINF2YR) from Jan 1982 to Jun 2025 about 2-year, projection, inflation, and USA.

The benchmark interest rate in China was last recorded at 3 percent. This dataset provides the latest reported value for - China Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

United States FRBOP Forecast: Treasury Bonds Rate: 10 Years: Mean: Plus 2 Qtrs data was reported at 3.238 % in Jun 2018. This records an increase from the previous number of 3.004 % for Mar 2018. United States FRBOP Forecast: Treasury Bonds Rate: 10 Years: Mean: Plus 2 Qtrs data is updated quarterly, averaging 4.799 % from Mar 1992 (Median) to Jun 2018, with 106 observations. The data reached an all-time high of 7.991 % in Dec 1994 and a record low of 1.904 % in Sep 2012. United States FRBOP Forecast: Treasury Bonds Rate: 10 Years: Mean: Plus 2 Qtrs data remains active status in CEIC and is reported by Federal Reserve Bank of Philadelphia. The data is categorized under Global Database’s USA – Table US.M006: Treasury Bills Rates: Forecast: Federal Reserve Bank of Philadelphia.

United States FRBOP Forecast: Treasury Bonds 10 Years: Median: Plus 2 Qtrs data was reported at 3.400 % in Dec 2018. This records an increase from the previous number of 3.283 % for Sep 2018. United States FRBOP Forecast: Treasury Bonds 10 Years: Median: Plus 2 Qtrs data is updated quarterly, averaging 4.730 % from Mar 1992 (Median) to Dec 2018, with 108 observations. The data reached an all-time high of 8.000 % in Dec 1994 and a record low of 1.800 % in Sep 2012. United States FRBOP Forecast: Treasury Bonds 10 Years: Median: Plus 2 Qtrs data remains active status in CEIC and is reported by Federal Reserve Bank of Philadelphia. The data is categorized under Global Database’s United States – Table US.M006: Treasury Bills Rates: Forecast: Federal Reserve Bank of Philadelphia.

The benchmark interest rate in Canada was last recorded at 2.75 percent. This dataset provides - Canada Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.