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 trimmed average PCE inflation rate is an alternative measure of the core inflation in the price index of private consumption expenditure (PCE). Trimming limits upper and lower extremes results in

The U.S. federal funds rate peaked in 2023 at its highest level since the 2007-08 financial crisis, reaching 5.33 percent by December 2023. A significant shift in monetary policy occurred in the second half of 2024, with the Federal Reserve implementing regular rate cuts. By December 2024, the rate had declined to 4.48 percent. What is a central bank rate? The federal funds rate determines the cost of overnight borrowing between banks, allowing them to maintain necessary cash reserves and ensure financial system liquidity. When this rate rises, banks become more inclined to hold rather than lend money, reducing the money supply. While this decreased lending slows economic activity, it helps control inflation by limiting the circulation of money in the economy. Historic perspective The federal funds rate historically follows cyclical patterns, falling during recessions and gradually rising during economic recoveries. Some central banks, notably the European Central Bank, went beyond traditional monetary policy by implementing both aggressive asset purchases and negative interest rates.

View the total value of the assets of all Federal Reserve Banks as reported in the weekly balance sheet.

From 1983 through 1999, policy directives issued by the Federal Open Market Committee (FOMC) contained a statement pertaining to possible future policy actions, which was known as the "symmetry," "tilt," or "bias" of the directive. In May 1999, the FOMC began to announce publicly the symmetry of its current directive. This resulted in much speculation about the meaning of asymmetric directives, which the FOMC had never officially defined. In this article, the authors. investigate three suggested interpretations: (1) Asymmetry was intended to convey likely changes in policy either between FOMC meetings or at the next meeting, (2) Asymmetry increased the chairman's authority to change policy in the direction indicated by the specified asymmetry, and (3) Asymmetric language was used primarily to build consensus among voting FOMC members. The authors find strong support in the implementation of monetary policy only for the consensus-building hypothesis.

Dallas Fed Manufacturing Index in the United States decreased to -1.80 points in August from 0.90 points in July of 2025. This dataset provides the latest reported value for - United States Dallas 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 Mean Wage Growth: 3-Mo Mov Avg data was reported at 6.600 % in Apr 2025. This records an increase from the previous number of 6.100 % for Mar 2025. United States Mean Wage Growth: 3-Mo Mov Avg data is updated monthly, averaging 5.450 % from Mar 1997 (Median) to Apr 2025, with 338 observations. The data reached an all-time high of 9.000 % in Jun 2022 and a record low of 2.400 % in Feb 2010. United States Mean Wage Growth: 3-Mo Mov Avg data remains active status in CEIC and is reported by Federal Reserve Bank of Atlanta. The data is categorized under Global Database’s United States – Table US.G113: Atlanta Fed Wage Growth Tracker: 3-Month Moving Average.

Philadelphia Fed Manufacturing Index in the United States decreased to -0.30 points in August from 15.90 points in July 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.

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 July 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.

United States Median Wage Growth: 3-Mo Mov Avg: 25/20 Trimmed Mean data was reported at 4.400 % in Apr 2025. This records an increase from the previous number of 4.200 % for Mar 2025. United States Median Wage Growth: 3-Mo Mov Avg: 25/20 Trimmed Mean data is updated monthly, averaging 3.700 % from Mar 1997 (Median) to Apr 2025, with 338 observations. The data reached an all-time high of 6.800 % in Jul 2022 and a record low of 1.700 % in Nov 2010. United States Median Wage Growth: 3-Mo Mov Avg: 25/20 Trimmed Mean data remains active status in CEIC and is reported by Federal Reserve Bank of Atlanta. The data is categorized under Global Database’s United States – Table US.G113: Atlanta Fed Wage Growth Tracker: 3-Month Moving Average.

This is not going to be an article or Op-Ed about Michael Jordan. Since 2009 we've been in the longest bull-market in history, that's 11 years and counting. However a few metrics like the stock market P/E, the call to put ratio and of course the Shiller P/E suggest a great crash is coming in-between the levels of 1929 and the dot.com bubble. Mean reversion historically is inevitable and the Fed's printing money experiment could end in disaster for the stock market in late 2021 or 2022. You can read Jeremy Grantham's Last Dance article here. You are likely well aware of Michael Burry's predicament as well. It's easier for you just to skim through two related videos on this topic of a stock market crash. Michael Burry's Warning see this YouTube. Jeremy Grantham's Warning See this YouTube. Typically when there is a major event in the world, there is a crash and then a bear market and a recovery that takes many many months. In March, 2020 that's not what we saw since the Fed did some astonishing things that means a liquidity sloth and the risk of a major inflation event. The pandemic represented the quickest decline of at least 30% in the history of the benchmark S&P 500, but the recovery was not correlated to anything but Fed intervention. Since the pandemic clearly isn't disappearing and many sectors such as travel, business travel, tourism and supply chain disruptions appear significantly disrupted - the so-called economic recovery isn't so great. And there's this little problem at the heart of global capitalism today, the stock market just keeps going up. Crashes and corrections typically occur frequently in a normal market. But the Fed liquidity and irresponsible printing of money is creating a scenario where normal behavior isn't occurring on the markets. According to data provided by market analytics firm Yardeni Research, the benchmark index has undergone 38 declines of at least 10% since the beginning of 1950. Since March, 2020 we've barely seen a down month. September, 2020 was flat-ish. The S&P 500 has more than doubled since those lows. Look at the angle of the curve: The S&P 500 was 735 at the low in 2009, so in this bull market alone it has gone up 6x in valuation. That's not a normal cycle and it could mean we are due for an epic correction. I have to agree with the analysts who claim that the long, long bull market since 2009 has finally matured into a fully-fledged epic bubble. There is a complacency, buy-the dip frenzy and general meme environment to what BigTech can do in such an environment. The weight of Apple, Amazon, Alphabet, Microsoft, Facebook, Nvidia and Tesla together in the S&P and Nasdaq is approach a ridiculous weighting. When these stocks are seen both as growth, value and companies with unbeatable moats the entire dynamics of the stock market begin to break down. Check out FANG during the pandemic. BigTech is Seen as Bullet-Proof me valuations and a hysterical speculative behavior leads to even higher highs, even as 2020 offered many younger people an on-ramp into investing for the first time. Some analysts at JP Morgan are even saying that until retail investors stop charging into stocks, markets probably don’t have too much to worry about. Hedge funds with payment for order flows can predict exactly how these retail investors are behaving and monetize them. PFOF might even have to be banned by the SEC. The risk-on market theoretically just keeps going up until the Fed raises interest rates, which could be in 2023! For some context, we're more than 1.4 years removed from the bear-market bottom of the coronavirus crash and haven't had even a 5% correction in nine months. This is the most over-priced the market has likely ever been. At the night of the dot-com bubble the S&P 500 was only 1,400. Today it is 4,500, not so many years after. Clearly something is not quite right if you look at history and the P/E ratios. A market pumped with liquidity produces higher earnings with historically low interest rates, it's an environment where dangerous things can occur. In late 1997, as the S&P 500 passed its previous 1929 peak of 21x earnings, that seemed like a lot, but nothing compared to today. For some context, the S&P 500 Shiller P/E closed last week at 38.58, which is nearly a two-decade high. It's also well over double the average Shiller P/E of 16.84, dating back 151 years. So the stock market is likely around 2x over-valued. Try to think rationally about what this means for valuations today and your favorite stock prices, what should they be in historical terms? The S&P 500 is up 31% in the past year. It will likely hit 5,000 before a correction given the amount of added liquidity to the system and the QE the Fed is using that's like a huge abuse of MMT, or Modern Monetary Theory. This has also lent to bubbles in the housing market, crypto and even commodities like Gold with long-term global GDP meeting many headwinds in the years ahead due to a...

United States Liabilities: Outs: TS: NTS: Fed Govt. Defined Benefit Pension Plans data was reported at 1,645.828 USD bn in Jun 2018. This records an increase from the previous number of 1,644.207 USD bn for Mar 2018. United States Liabilities: Outs: TS: NTS: Fed Govt. Defined Benefit Pension Plans data is updated quarterly, averaging 140.863 USD bn from Dec 1951 (Median) to Jun 2018, with 267 observations. The data reached an all-time high of 1,645.828 USD bn in Jun 2018 and a record low of 7.453 USD bn in Dec 1951. United States Liabilities: Outs: TS: NTS: Fed Govt. Defined Benefit Pension Plans data remains active status in CEIC and is reported by Federal Reserve Board. The data is categorized under Global Database’s USA – Table US.AB045: Funds by Instruments: Flows and Outstanding: Treasury Securities.

Median Consumer Price Index is a part of the Median CPI indicator of the Federal Reserve Bank of Cleveland.

United States Liabilities: Flow: saar: TS: NTS: Fed Govt Defined BenfitPensionPlan data was reported at 175.217 USD bn in Mar 2018. This records an increase from the previous number of 36.867 USD bn for Dec 2017. United States Liabilities: Flow: saar: TS: NTS: Fed Govt Defined BenfitPensionPlan data is updated quarterly, averaging 10.056 USD bn from Dec 1951 (Median) to Mar 2018, with 266 observations. The data reached an all-time high of 638.946 USD bn in Dec 2015 and a record low of -295.435 USD bn in Jun 2011. United States Liabilities: Flow: saar: TS: NTS: Fed Govt Defined BenfitPensionPlan data remains active status in CEIC and is reported by Federal Reserve Board. The data is categorized under Global Database’s USA – Table US.AB045: Funds by Instruments: Flows and Outstanding: Treasury Securities.

United States Liabilities: Flow: TS: NTS: Fed Govt. Defined Benefit Pension Plans data was reported at 6.584 USD bn in Mar 2018. This records a decrease from the previous number of 60.700 USD bn for Dec 2017. United States Liabilities: Flow: TS: NTS: Fed Govt. Defined Benefit Pension Plans data is updated quarterly, averaging 0.698 USD bn from Dec 1951 (Median) to Mar 2018, with 266 observations. The data reached an all-time high of 209.926 USD bn in Dec 2015 and a record low of -85.770 USD bn in Jun 2013. United States Liabilities: Flow: TS: NTS: Fed Govt. Defined Benefit Pension Plans data remains active status in CEIC and is reported by Federal Reserve Board. The data is categorized under Global Database’s USA – Table US.AB045: Funds by Instruments: Flows and Outstanding: Treasury Securities.

Richmond Fed Manufacturing Index in the United States increased to -7 points in August from -20 points in July of 2025. This dataset provides - United States Richmond Fed Manufacturing Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Philly Fed Employment in the United States decreased to 5.90 points in August from 10.30 points in July of 2025. This dataset includes a chart with historical data for the United States Philly Fed Employment.

Graph and download economic data for Federal Funds Target Range - Upper Limit (DFEDTARU) from 2008-12-16 to 2025-09-01 about federal, interest rate, interest, rate, and USA.

Learn the differences between the consumer price index (CPI) and the personal consumption expenditures (PCE) price index. Find out what measures are used to gauge underlying inflation, or the long-term trend in prices, such as median and trimmed-mean inflation rates and core inflation.

Posted quarterly, using FDCCI Task Force data reported to OMB through the quarterly Integrated Data Collection (IDC) deadline. Federal Data Center Consolidation Initiative (FDCCI) Data Center Closures 2010-2015. Under the FDDCI, agencies have categorized their agency data center populations into two categories: core and non-core. The government is closing 40% of agency-identified, non-core data centers, while optimizing agency-identified core-data centers, according to a series of total cost of ownership metrics (see OMB M-13-09 and OMB M-14-08). This dataset reflects information only for agency-identified, non-core closures. All questions or inquiries should be directed to the specific agencies. The FY2010 through FY2015 dataset provides a list of planned or closed data centers by agency and by city/state location since the FDCCI started. Please note ?OTHER? is listed for data centers in cloud, co-located or managed service data centers, where square footage is unavailable. See related information about the FDCCI, including the definition of a data center and other FAQs at http://cio.gov/fdcci.