The benchmark interest rate in the United States was last recorded at 4.25 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 2028 about projection, federal, median, 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 until September 2025, when another cut set the rate at 4.22 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.

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

Graph and download economic data for Federal Funds Target Range - Upper Limit (DFEDTARU) from 2008-12-16 to 2025-10-15 about federal, interest rate, interest, rate, and USA.

In the United States, the average discount rate of the Federal Reserve Bank of New York decreased overall, albeit with fluctuation, between 1990 and 2021. In 2021, the discount rate averaged 0.25 percent - a decrease from the previous year, when the average discount rate was 0.58 percent. At the beginning of the time period under observation, the discount rate of the Federal Reserve Bank of New York averaged about seven percent, so there has been an overall decrease of around 6.75 percent since then.

United States - Current New Orders; Percent of Respondents Reporting Decreases for Federal Reserve District 3: Philadelphia was 38.30% in May of 2025, according to the United States Federal Reserve. Historically, United States - Current New Orders; Percent of Respondents Reporting Decreases for Federal Reserve District 3: Philadelphia reached a record high of 67.50 in April of 2020 and a record low of 4.50 in March of 2018. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Current New Orders; Percent of Respondents Reporting Decreases for Federal Reserve District 3: Philadelphia - last updated from the United States Federal Reserve on September of 2025.

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

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

Current New Orders; Percent Reporting Decreases for Federal Reserve District 3: Philadelphia was 16.80% in July of 2025, according to the United States Federal Reserve. Historically, Current New Orders; Percent Reporting Decreases for Federal Reserve District 3: Philadelphia reached a record high of 70.40 in April of 2020 and a record low of 1.80 in December of 1987. Trading Economics provides the current actual value, an historical data chart and related indicators for Current New Orders; Percent Reporting Decreases for Federal Reserve District 3: Philadelphia - last updated from the United States Federal Reserve on September of 2025.

The Survey of Consumer Finances (SCF) is normally a triennial cross-sectional survey of U.S. families. The survey data include information on families' balance sheets, pensions, income, and demographic characteristics.

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.

An index that can be used to gauge broad financial conditions and assess how these conditions are related to future economic growth. The index is broadly consistent with how the FRB/US model generally relates key financial variables to economic activity. The index aggregates changes in seven financial variables: the federal funds rate, the 10-year Treasury yield, the 30-year fixed mortgage rate, the triple-B corporate bond yield, the Dow Jones total stock market index, the Zillow house price index, and the nominal broad dollar index using weights implied by the FRB/US model and other models in use at the Federal Reserve Board. These models relate households' spending and businesses' investment decisions to changes in short- and long-term interest rates, house and equity prices, and the exchange value of the dollar, among other factors. These financial variables are weighted using impulse response coefficients (dynamic multipliers) that quantify the cumulative effects of unanticipated permanent changes in each financial variable on real gross domestic product (GDP) growth over the subsequent year. The resulting index is named Financial Conditions Impulse on Growth (FCI-G). One appealing feature of the FCI-G is that its movements can be used to measure whether financial conditions have tightened or loosened, to summarize how changes in financial conditions are associated with real GDP growth over the following year, or both.

United States - Current New Orders; Percent of Respondents Reporting No Change for Federal Reserve District 3: Philadelphia was 23.10% in May of 2025, according to the United States Federal Reserve. Historically, United States - Current New Orders; Percent of Respondents Reporting No Change for Federal Reserve District 3: Philadelphia reached a record high of 39.90 in January of 2025 and a record low of 11.60 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 No Change for Federal Reserve District 3: Philadelphia - last updated from the United States Federal Reserve on September of 2025.

Daily SOFR rates and historical averages published by the New York Federal Reserve

Graph and download economic data for Discount Rates, Federal Reserve Bank of New York for United States (M13009USM156NNBR) from Nov 1914 to Jul 1969 about FRB NY District, NY, banks, depository institutions, rate, and USA.

United States - Current New Orders; Diffusion for Federal Reserve District 3: Philadelphia was -16.30000 Index in May of 2025, according to the United States Federal Reserve. Historically, United States - Current New Orders; Diffusion for Federal Reserve District 3: Philadelphia reached a record high of 34.90000 in May of 2018 and a record low of -67.20000 in April of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Current New Orders; Diffusion for Federal Reserve District 3: Philadelphia - last updated from the United States Federal Reserve on September of 2025.

Current New Orders; Percent Reporting Increases for Federal Reserve District 3: Philadelphia was 35.20% in July of 2025, according to the United States Federal Reserve. Historically, Current New Orders; Percent Reporting Increases for Federal Reserve District 3: Philadelphia reached a record high of 63.90 in March of 1973 and a record low of 0.00 in April of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for Current New Orders; Percent Reporting Increases for Federal Reserve District 3: Philadelphia - last updated from the United States Federal Reserve on September of 2025.

Current New Orders; Diffusion for Federal Reserve District 3: Philadelphia was 12.40000 Index in September of 2025, according to the United States Federal Reserve. Historically, Current New Orders; Diffusion for Federal Reserve District 3: Philadelphia reached a record high of 56.20000 in March of 1973 and a record low of -70.40000 in April of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for Current New Orders; Diffusion for Federal Reserve District 3: Philadelphia - last updated from the United States Federal Reserve on September of 2025.

Current New Orders; Diffusion for Federal Reserve District 3: Philadelphia was 1.80000 Index in April of 2025, according to the United States Federal Reserve. Historically, Current New Orders; Diffusion for Federal Reserve District 3: Philadelphia reached a record high of 59.30000 in March of 2012 and a record low of -55.10000 in April of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for Current New Orders; Diffusion for Federal Reserve District 3: Philadelphia - last updated from the United States Federal Reserve on October of 2025.