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, Median (FEDTARMD) from 2025 to 2027 about projection, federal, median, rate, and USA.

The Federal Reserve's balance sheet has undergone significant changes since 2007, reflecting its response to major economic crises. From a modest 0.9 trillion U.S. dollars at the end of 2007, it ballooned to approximately 6.76 trillion U.S. dollars by March 2025. This dramatic expansion, particularly during the 2008 financial crisis and the COVID-19 pandemic - both of which resulted in negative annual GDP growth in the U.S. - showcases the Fed's crucial role in stabilizing the economy through expansionary monetary policies. Impact on inflation and interest rates The Fed's expansionary measures, while aimed at stimulating economic growth, have had notable effects on inflation and interest rates. Following the quantitative easing in 2020, inflation in the United States reached eight percent in 2022, the highest since 1991. However, by November 2024, inflation had declined to 2.7 percent. Concurrently, the Federal Reserve implemented a series of interest rate hikes, with the rate peaking at 5.33 percent in August 2023, before the first rate cut since September 2021 occurred in September 2024. Financial implications for the Federal Reserve The expansion of the Fed's balance sheet and subsequent interest rate hikes have had significant financial implications. In 2023, the Fed reported a negative net income of 114.3 billion U.S. dollars, a stark contrast to the 58.84 billion U.S. dollars profit in 2022. This unprecedented shift was primarily due to rapidly rising interest rates, which caused the Fed's interest expenses to soar to over 281 billion U.S. dollars in 2023. Despite this, the Fed's net interest income on securities acquired through open market operations reached a record high of 174.53 billion U.S. dollars in the same year.

The inflation rate in the United States declined significantly between June 2022 and January 2025, despite rising inflationary pressures towards the end of 2024. The peak inflation rate was recorded in June 2022, at 9.1 percent. In August 2023, the Federal Reserve's interest rate hit its highest level during the observed period, at 5.33 percent, and remained unchanged until September 2024, when the Federal Reserve implemented its first rate cut since September 2021. By January 2025, the rate dropped to 4.33 percent, signalling a shift in monetary policy. What is the Federal Reserve interest rate? The Federal Reserve interest rate, or the federal funds rate, is the rate at which banks and credit unions lend to and borrow from each other. It is one of the Federal Reserve's key tools for maintaining strong employment rates, stable prices, and reasonable interest rates. The rate is determined by the Federal Reserve and adjusted eight times a year, though it can be changed through emergency meetings during times of crisis. The Fed doesn't directly control the interest rate but sets a target rate. It then uses open market operations to influence rates toward this target. Ways of measuring inflation Inflation is typically measured using several methods, with the most common being the Consumer Price Index (CPI). The CPI tracks the price of a fixed basket of goods and services over time, providing a measure of the price changes consumers face. At the end of 2023, the CPI in the United States was 158.11 percent, up from 153.12 a year earlier. A more business-focused measure is the producer price index (PPI), which represents the costs of firms.

Graph and download economic data for Federal Funds Target Range - Upper Limit (DFEDTARU) from 2008-12-16 to 2025-03-26 about federal, interest rate, interest, rate, and USA.

Graph and download economic data for Quarterly Weighted Average of Total Assets for Commercial Banks Geographically Located in Federal Reserve District 10: Kansas City (DISCONTINUED) (D10QWATA) from Q1 1984 to Q3 2020 about FRB KC District, commercial, assets, banks, depository institutions, and USA.

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.

Philadelphia Fed Manufacturing Index in the United States decreased to 12.50 points in March from 18.10 points in February 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.

Philly Fed Employment in the United States increased to 19.70 points in March from 5.30 points in February of 2025. This dataset includes a chart with historical data for the United States Philly Fed Employment.

Graph and download economic data for U.S.-Chartered Depository Institutions; Cash and Balances Due from Depository Institutions; Asset (Call Report), Transactions (BOGZ1FU763020000A) from 1946 to 2024 about U.S.-chartered, fees, cash, transactions, balance, assets, and USA.

United States - Chicago Fed Survey of Business Conditions: Manufacturing Activity in Federal Reserve District 7: Chicago was 0.00000 Index in February of 2025, according to the United States Federal Reserve. Historically, United States - Chicago Fed Survey of Business Conditions: Manufacturing Activity in Federal Reserve District 7: Chicago reached a record high of 69.58949 in January of 2018 and a record low of -94.89796 in April of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Chicago Fed Survey of Business Conditions: Manufacturing Activity in Federal Reserve District 7: Chicago - last updated from the United States Federal Reserve on March of 2025.

Inflation Rate in the United States decreased to 2.80 percent in February from 3 percent in January of 2025. This dataset provides - United States Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for U.S.-Chartered Depository Institutions; Total Assets (Call Report), Transactions (BOGZ1FU764090760A) from 1946 to 2024 about U.S.-chartered, transactions, assets, and USA.

The Direct-Fed Microbials (DFM) Market is projected to grow at 6.8% CAGR, reaching $1.89 Billion by 2029. Where is the industry heading next? Get the sample report now!

Graph and download economic data for Current Employment; Percent Reporting Decreases for Federal Reserve District 3: Philadelphia (NECDNA156MNFRBPHI) from May 1968 to Mar 2025 about FRB PHI District, percent, employment, and USA.

Graph and download economic data for Future Employment; Percent Reporting No Change for Federal Reserve District 3: Philadelphia (NEFNSA156MSFRBPHI) from May 1968 to Mar 2025 about FRB PHI District, percent, employment, and USA.

Graph and download economic data for Time Deposits, Reporting Member Banks, Federal Reserve System for United States (M1479CUSM027NNBR) from Jul 1946 to Feb 1953 about deposits, banks, depository institutions, and USA.

Graph and download economic data for Chicago Fed Survey of Economic Conditions: 12 month Outlook for the US Economy in Federal Reserve District 7: Chicago (CFSBCOUTLOOK) from Feb 2013 to Mar 2025 about FRB CHI District, 6-month, 1-year, business, indexes, and USA.

Graph and download economic data for FOMC Summary of Economic Projections for the Growth Rate of Real Gross Domestic Product, Central Tendency, Midpoint (GDPC1CTM) from 2025 to 2027 about projection, real, GDP, rate, and USA.

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