Graph and download economic data for Overnight Reverse Repurchase Agreements Award Rate: Treasury Securities Sold by the Federal Reserve in the Temporary Open Market Operations (RRPONTSYAWARD) from 2013-09-23 to 2025-06-30 about reverse repos, overnight, securities, Treasury, sales, rate, and USA.

Graph and download economic data for Overnight Reverse Repurchase Agreements: Treasury Securities Sold by the Federal Reserve in the Temporary Open Market Operations (RRPONTSYD) from 2003-02-07 to 2025-06-20 about reverse repos, overnight, trade, securities, Treasury, sales, and USA.

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.

All key policy rates in the United States increased drastically in 2023. The Federal Funds target range was set to 4.5 to 4.75 percent in February, and it increased gradually to 5.25 to 5.5 percent by the end of the year. The interest rate on reserve balances (IORB Rate) increased from 4.65 percent to 5.4 percent, and the same trend could be seen with the Overnight Reverse Repo Facility Rate (ON RRP Rate), and the Standing Repo Facility Rate (SRF Rate). The sharp increase in all key policy rates was triggered by the growing inflation rate throughout 2023.

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.

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.

Graph and download economic data for Overnight Bank Funding Rate (OBFR) from 2016-03-01 to 2025-06-26 about ibf, overnight, percentile, banks, depository institutions, rate, and USA.

Shows the daily level of the federal funds rate back to 1954. The fed funds rate is the interest rate at which depository institutions (banks and credit unions) lend reserve balances to other depository institutions overnight, on an uncollateralized basis. The Federal Open Market Committee (FOMC) meets eight times a year to determine the federal funds target rate.

This dataset provides values for REPO RATE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Graph and download economic data for Repurchase Agreements: Mortgage-Backed Securities Purchased by the Federal Reserve in the Temporary Open Market Operations (RPMBSD) from 2000-01-03 to 2025-06-27 about mortgage-backed, repurchase agreements, purchase, trade, securities, and USA.

Graph and download economic data for Money Market Funds; Security Repurchase Agreements (Federal Reserve Reverse Repurchase Agreement Operations); Asset, Transactions (BOGZ1FA632051103Q) from Q4 1946 to Q1 2025 about repurchase agreements, reverse repos, operating, MMMF, transactions, securities, assets, and USA.

United States - Overnight Reverse Repurchase Agreements: Total Securities Sold by the Federal Reserve in the Temporary Open Market Operations was 285.74200 Bil. of US $ in June of 2025, according to the United States Federal Reserve. Historically, United States - Overnight Reverse Repurchase Agreements: Total Securities Sold by the Federal Reserve in the Temporary Open Market Operations reached a record high of 2553.71600 in December of 2022 and a record low of 0.00000 in November of 2019. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Overnight Reverse Repurchase Agreements: Total Securities Sold by the Federal Reserve in the Temporary Open Market Operations - last updated from the United States Federal Reserve on June of 2025.

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 Mexico was last recorded at 8 percent. This dataset provides - Mexico Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Money Market Funds; Security Repurchase Agreements (Federal Reserve Reverse Repurchase Agreement Operations); Asset, Transactions (BOGZ1FA632051103A) from 1946 to 2024 about repurchase agreements, reverse repos, operating, MMMF, transactions, securities, assets, and USA.

Graph and download economic data for International Banking Facilities of U.S.-Chartered Depository Institutions; Security Repurchase Agreements; Liability, Transactions (BOGZ1FA272151003A) from 1946 to 2024 about U.S.-chartered, repurchase agreements, transactions, liabilities, securities, banks, depository institutions, and USA.

Graph and download economic data for Federal Government; Other U.S. Reserves, Other Claims (Repurchase Agreements); Asset, Transactions (BOGZ1FA313011545A) from 1946 to 2024 about repurchase agreements, transactions, reserves, federal, assets, government, and USA.

Graph and download economic data for Domestic Financial Sectors, Excluding Money Market Funds; Security Repurchase Agreements (Federal Reserve Reverse Repurchase Agreement Operational Exercise); Asset, Transactions (BOGZ1FA792051115A) from 1946 to 2024 about repurchase agreements, reverse repos, operating, MMMF, transactions, sector, securities, domestic, assets, and USA.

Graph and download economic data for Federal Government; Other U.S. Reserves, Other Claims (Repurchase Agreements); Asset, Transactions (BOGZ1FA313011545Q) from Q4 1946 to Q1 2025 about repurchase agreements, transactions, reserves, federal, assets, government, and USA.

Graph and download economic data for Domestic Financial Sectors, Excluding Money Market Funds; Security Repurchase Agreements (Federal Reserve Reverse Repurchase Agreement Operational Exercise); Asset, Transactions (BOGZ1FA792051115Q) from Q4 1946 to Q1 2025 about repurchase agreements, reverse repos, operating, MMMF, transactions, sector, securities, domestic, assets, and USA.