The benchmark interest rate in the United States was last recorded at 4 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 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.

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. In October 2025, the rate was further reduced to 4.09 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.

View market daily updates and historical trends for Effective Federal Funds Rate. from United States. Source: Federal Reserve. Track economic data with YC…

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.

Among the ** Federal Reserve Banks of the Federal Reserve System in the United States, the Federal Reserve Bank of New York held by far the highest value of assets in 2024. With approximately ****trillion U.S. dollars on its balance sheet, the Federal Reserve Bank of New York held over ** percent of the Fed's total assets. It was followed by the Federal Reserve Bank of San Francisco.

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.

The 'Fed Interest Rate Decision' is an economic event where the Federal Reserve announces changes to the federal funds rate, which is the interest rate at which banks lend to each other overnight.-2025-07-30

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.

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 November of 2025.

View weekly updates and historical trends for US Liabilities - Deposits in Federal Reserve Bank of New York. from United States. Source: Federal Reserve. …

Graph and download economic data for Current New Orders; Diffusion Index for Federal Reserve District 3: Philadelphia (NOCDFSA066MSFRBPHI) from May 1968 to Nov 2025 about FRB PHI District, diffusion, new orders, orders, new, indexes, and USA.

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 November of 2025.

Policy interest rates in the U.S. and Europe are forecasted to decrease gradually between 2024 and 2027, following exceptional increases triggered by soaring inflation between 2021 and 2023. The U.S. federal funds rate stood at **** percent at the end of 2023, the European Central Bank deposit rate at **** percent, and the Swiss National Bank policy rate at **** percent. With inflationary pressures stabilizing, policy interest rates are forecast to decrease in each observed region. The U.S. federal funds rate is expected to decrease to *** percent, the ECB refi rate to **** percent, the Bank of England bank rate to **** percent, and the Swiss National Bank policy rate to **** percent by 2025. An interesting aspect to note is the impact of these interest rate changes on various economic factors such as growth, employment, and inflation. The impact of central bank policy rates The U.S. federal funds effective rate, crucial in determining the interest rate paid by depository institutions, experienced drastic changes in response to the COVID-19 pandemic. The subsequent slight changes in the effective rate reflected the efforts to stimulate the economy and manage economic factors such as inflation. Such fluctuations in the federal funds rate have had a significant impact on the overall economy. The European Central Bank's decision to cut its fixed interest rate in June 2024 for the first time since 2016 marked a significant shift in attitude towards economic conditions. The reasons behind the fluctuations in the ECB's interest rate reflect its mandate to ensure price stability and manage inflation, shedding light on the complex interplay between interest rates and economic factors. Inflation and real interest rates The relationship between inflation and interest rates is critical in understanding the actions of central banks. Central banks' efforts to manage inflation through interest rate adjustments reveal the intricate balance between economic growth and inflation. Additionally, the concept of real interest rates, adjusted for inflation, provides valuable insights into the impact of inflation on the economy.

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.

The New Security Issues, U.S. Corporations tables (1.46) are updated monthly. Data were previously published in the Supplement to the Federal Reserve Bulletin, which ceased publication in December 2008. Current source: Securities Data Company and the Board of Governors of the Federal Reserve System.

The 'Fed Interest Rate Decision' is an economic event where the Federal Reserve announces changes to the federal funds rate, which is the interest rate at which banks lend to each other overnight.-2025-09-17

United States Diffusion Index: sa: New York Fed: General Business Condition: Highe data was reported at 39.600 NA in Jul 2018. This records an increase from the previous number of 37.700 NA for Jun 2018. United States Diffusion Index: sa: New York Fed: General Business Condition: Highe data is updated monthly, averaging 30.700 NA from Jul 2001 (Median) to Jul 2018, with 205 observations. The data reached an all-time high of 50.600 NA in Apr 2004 and a record low of 9.900 NA in Mar 2009. United States Diffusion Index: sa: New York Fed: General Business Condition: Highe data remains active status in CEIC and is reported by Federal Reserve Bank of New York. The data is categorized under Global Database’s USA – Table US.S009: Empire State Manufacturing Survey.

Current Employment; Percent Reporting Increases for FRB - New York District was 15.10% in October of 2025, according to the United States Federal Reserve. Historically, Current Employment; Percent Reporting Increases for FRB - New York District reached a record high of 42.00 in July of 2007 and a record low of 1.80 in May of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for Current Employment; Percent Reporting Increases for FRB - New York District - last updated from the United States Federal Reserve on November of 2025.

Current New Orders; Percent Reporting Decreases for Federal Reserve District 3: Philadelphia was 16.20% in October 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 November of 2025.