Graph and download economic data for Discount Window Primary Credit Rate (DPCREDIT) from 2003-01-09 to 2025-07-10 about primary, credits, interest rate, interest, rate, and USA.

Graph and download economic data for Interest Rates, Discount Rate for United States (INTDSRUSM193N) from Jan 1950 to Aug 2021 about discount, interest rate, interest, rate, and USA.

Content

Effective Date Data before 1975 represent the date of the New York Fed discount rate change, data after 1975 represent the date of the first Federal Reserve bank discount rate change. Source: Board of Governors: Banking and Monetary Statistics, 1914-1941, and 1941-1970; the Annual Statistical Digest, 1970-1979; and the Federal Reserve Bulletin, 1978 - January 8, 2003.

Please refer to http://www.federalreserve.gov/boarddocs/press/monetary/2003/20030106/default.htm for further information on the discontinuation of this series effective January 9, 2003.

Context

This is a dataset from the Federal Reserve hosted by the Federal Reserve Economic Database (FRED). FRED has a data platform found here and they update their information according to the frequency that the data updates. Explore the Federal Reserve using Kaggle and all of the data sources available through the Federal Reserve organization page!

• Update Frequency: This dataset is updated daily.

• Observation Start: 1934-02-02

• Observation End : 2002-11-06

Acknowledgements

This dataset is maintained using FRED's API and Kaggle's API.

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

Graph and download economic data for 90-Day AA Financial Commercial Paper Interest Rate (RIFSPPFAAD90NB) from 1997-01-02 to 2025-07-10 about AA, commercial paper, 3-month, financial, commercial, interest rate, interest, rate, and USA.

These rates are the daily secondary market quotation on the most recently auctioned Treasury Bills for each maturity tranche (4-week, 13-week, 26-week, and 52-week) that Treasury currently issues new Bills. Market quotations are obtained at approximately 3:30 PM each business day by the Federal Reserve Bank of New York. The Bank Discount rate is the rate at which a Bill is quoted in the secondary market and is based on the par value, amount of the discount and a 360-day year. The Coupon Equivalent, also called the Bond Equivalent, or the Investment Yield, is the bill's yield based on the purchase price, discount, and a 365- or 366-day year. The Coupon Equivalent can be used to compare the yield on a discount bill to the yield on a nominal coupon bond that pays semiannual interest.

Graph and download economic data for Interest Rate on Reserve Balances (IORB Rate) (IORB) from 2021-07-29 to 2025-06-23 about reserves, interest rate, interest, rate, and USA.

The benchmark interest rate in Japan was last recorded at 0.50 percent. This dataset provides - Japan Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The benchmark interest rate in India was last recorded at 5.50 percent. This dataset provides - India Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

View values of the average interest rate at which Treasury bills with a 3-month maturity are sold on the secondary market.

The benchmark interest rate in Thailand was last recorded at 1.75 percent. This dataset provides - Thailand Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Hong Kong SAR (China) Exchange Rate against USD

• Hong Kong SAR (China) Exchange Rate against USD averaged 7.837 (USD/HKD) in May 2023, compared with 7.850 USD/HKD in the previous month.
• Hong Kong SAR (China) Exchange Rate against USD data is updated monthly, available from Jan 1957 to May 2023.
• The data reached an all-time high of 8.095 in Oct 1983 and a record low of 4.611 in Jan 1978.

CEIC extends history for monthly average Exchange Rate against USD. Federal Reserve Board provides average Exchange Rate against USD. Exchange Rate against USD prior to January 1981 is sourced from the International Monetary Fund.


Key information about Hong Kong SAR (China) Exchange Rate against USD

• In the latest reports, Hong Kong SAR (China) Short Term Interest Rate: Month End: HIBOR Fixing: 3 Months was reported at 4.772 % pa in May 2023.
• Its Long Term Interest Rate (Government Bond Yield: Closing Reference: 10 Years) was reported at 3.468 % pa in May 2023.
• The cash rate (Policy Rate: Month End: Discount Window Base Rate) was set at 5.500 % pa in May 2023.

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.

Key information about Denmark Exchange Rate against USD

• Denmark Exchange Rate against USD averaged 6.855 (USD/DKK) in May 2023, compared with 6.798 USD/DKK in the previous month.
• Denmark Exchange Rate against USD data is updated monthly, available from Jan 1957 to May 2023.
• The data reached an all-time high of 11.807 in Feb 1985 and a record low of 4.734 in Jul 2008.

CEIC extends history for monthly average Exchange Rate against USD. Federal Reserve Board provides average Exchange Rate against USD. Exchange Rate against USD prior to January 1971 is sourced from the International Monetary Fund.