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

Graph and download economic data for Current Business Activity; Percent Reporting Increases for FRB - New York District (BACINA156MNFRBNY) from Sep 2004 to Jun 2025 about business, percent, and services.

The Federal Reserve's balance sheet has undergone significant changes since 2007, reflecting its response to major economic crises. From a modest *** trillion U.S. dollars at the end of 2007, it ballooned to approximately **** trillion U.S. dollars by June 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 ***** percent in 2022, the highest since 1991. However, by *************, inflation had declined to *** percent. Concurrently, the Federal Reserve implemented a series of interest rate hikes, with the rate peaking at **** percent in ***********, before the first rate cut since ************** occurred in **************. 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 ***** billion U.S. dollars, a stark contrast to the ***** 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 *** 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 ****** billion U.S. dollars in the same year.

Chicago Fed National Activity Index in the United States increased to -0.28 points in May from -0.36 points in April 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 Inventories; Percent Reporting Increases for New York (IVCISA156MSFRBNY) from Jul 2001 to Jun 2025 about inventories, NY, percent, and manufacturing.

FRBOP Forecast: Annual Unemp Rate: Mean: sa: Current Plus 3 Yrs data was reported at 4.189 % in Jun 2018. This records a decrease from the previous number of 4.276 % for Mar 2018. FRBOP Forecast: Annual Unemp Rate: Mean: sa: Current Plus 3 Yrs data is updated quarterly, averaging 6.080 % from Jun 2009 (Median) to Jun 2018, with 37 observations. The data reached an all-time high of 8.134 % in Dec 2009 and a record low of 4.189 % in Jun 2018. FRBOP Forecast: Annual Unemp Rate: Mean: sa: Current Plus 3 Yrs 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.G022: Current Population Survey: Unemployment Rate: Seasonally Adjusted: Forecast: Federal Reserve Bank of Philadelphia.

The inflation rate in the United States declined significantly between June 2022 and May 2025, despite rising inflationary pressures towards the end of 2024. The peak inflation rate was recorded in June 2022, at *** percent. In August 2023, the Federal Reserve's interest rate hit its highest level during the observed period, at **** 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 **** 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 ****** percent, up from ****** a year earlier. A more business-focused measure is the producer price index (PPI), which represents the costs of firms.

FRBOP Forecast: Unemployment Rate: Mean: sa data was reported at 3.836 % in Mar 2019. This records an increase from the previous number of 3.710 % for Dec 2018. FRBOP Forecast: Unemployment Rate: Mean: sa data is updated quarterly, averaging 5.883 % from Dec 1968 (Median) to Mar 2019, with 202 observations. The data reached an all-time high of 10.589 % in Mar 1983 and a record low of 3.461 % in Jun 1969. FRBOP Forecast: Unemployment Rate: Mean: sa 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.G025: Current Population Survey: Unemployment Rate: Seasonally Adjusted: Forecast: Federal Reserve Bank of Philadelphia.

FRBOP Forecast: Unemployment Rate: Mean: sa: Plus 2 Qtrs data was reported at 3.695 % in Mar 2019. This records an increase from the previous number of 3.648 % for Dec 2018. FRBOP Forecast: Unemployment Rate: Mean: sa: Plus 2 Qtrs data is updated quarterly, averaging 5.855 % from Dec 1968 (Median) to Mar 2019, with 202 observations. The data reached an all-time high of 10.178 % in Mar 1983 and a record low of 3.648 % in Dec 2018. FRBOP Forecast: Unemployment Rate: Mean: sa: 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.G025: Current Population Survey: Unemployment Rate: Seasonally Adjusted: Forecast: Federal Reserve Bank of Philadelphia.

View economic output, reported as the nominal value of all new goods and services produced by labor and property located in the U.S.

Philadelphia Fed Manufacturing Index in the United States remained unchanged at -4 points in June. 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 FRBOP: Annual Treasury Bonds Rate: 10 Year: Mean: Current data was reported at 3.014 % in Jun 2018. This records an increase from the previous number of 2.924 % for Mar 2018. United States FRBOP: Annual Treasury Bonds Rate: 10 Year: Mean: Current data is updated quarterly, averaging 4.594 % from Mar 1992 (Median) to Jun 2018, with 106 observations. The data reached an all-time high of 7.691 % in Mar 1995 and a record low of 1.748 % in Dec 2016. United States FRBOP: Annual Treasury Bonds Rate: 10 Year: Mean: Current 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.

FRBOP Forecast: Unemployment Rate: Median: sa: Plus 2 Qtrs data was reported at 3.800 % in Jun 2018. This records a decrease from the previous number of 3.900 % for Mar 2018. FRBOP Forecast: Unemployment Rate: Median: sa: Plus 2 Qtrs data is updated quarterly, averaging 5.900 % from Dec 1968 (Median) to Jun 2018, with 199 observations. The data reached an all-time high of 10.100 % in Dec 2009 and a record low of 3.800 % in Jun 2018. FRBOP Forecast: Unemployment Rate: Median: sa: 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.G022: Current Population Survey: Unemployment Rate: Seasonally Adjusted: Forecast: Federal Reserve Bank of Philadelphia.

United States - Current New Orders; Percent of Respondents Reporting Increases for Federal Reserve District 3: Philadelphia was 22.00% in May of 2025, according to the United States Federal Reserve. Historically, United States - Current New Orders; Percent of Respondents Reporting Increases for Federal Reserve District 3: Philadelphia reached a record high of 59.90 in March of 2012 and a record low of 0.30 in April of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Current New Orders; Percent of Respondents Reporting Increases for Federal Reserve District 3: Philadelphia - last updated from the United States Federal Reserve on May of 2025.

Current General Activity; Percent Reporting Increases for Federal Reserve District 3: Philadelphia was 19.00% in May of 2025, according to the United States Federal Reserve. Historically, Current General Activity; Percent Reporting Increases for Federal Reserve District 3: Philadelphia reached a record high of 60.20 in March of 1973 and a record low of 0.00 in April of 2023. Trading Economics provides the current actual value, an historical data chart and related indicators for Current General Activity; Percent Reporting Increases for Federal Reserve District 3: Philadelphia - last updated from the United States Federal Reserve on May of 2025.

We report average expected inflation rates over the next one through 30 years. Our estimates of expected inflation rates are calculated using a Federal Reserve Bank of Cleveland model that combines financial data and survey-based measures. Released monthly.

Graph and download economic data for Current Number of Full-Time Permanent Employees; Percent of Respondents Reporting Decreases for Federal Reserve District 3: Philadelphia (NFBNDEC156MNFRBPHI) from Mar 2011 to Jun 2025 about FRB PHI District, full-time, percent, services, employment, and USA.

United States - Current Inventories; Percent of Respondents Reporting Increases for Federal Reserve District 3: Philadelphia was 14.20% in May of 2025, according to the United States Federal Reserve. Historically, United States - Current Inventories; Percent of Respondents Reporting Increases for Federal Reserve District 3: Philadelphia reached a record high of 16.70 in September of 2018 and a record low of 0.00 in July of 2024. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Current Inventories; Percent of Respondents Reporting Increases for Federal Reserve District 3: Philadelphia - last updated from the United States Federal Reserve on May of 2025.

Current General Activity; Percent Reporting No Change for Federal Reserve District 3: Philadelphia was 58.00% in May of 2025, according to the United States Federal Reserve. Historically, Current General Activity; Percent Reporting No Change for Federal Reserve District 3: Philadelphia reached a record high of 76.50 in November of 1973 and a record low of 15.40 in April of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for Current General Activity; Percent Reporting No Change for Federal Reserve District 3: Philadelphia - last updated from the United States Federal Reserve on May of 2025.